Largest $ Movers of Note - StreetInsider.com - 06/20/07

UPWARD MOVERS:
Texas Pacific Land Trust (NYSE: TPL) +$18.00; Announced that its Trustees authorized a five-for-one split of its sub-share certificates. The stock split will entitle all holders of record at the close of business on July 2, 2007 to receive four additional sub-shares for each sub-share held on that date. The stock split will be payable on July 12, 2007. Upon completion of the stock split, approximately 10,558,875 sub-shares will be outstanding.

Nuveen Investments, Inc. (NYSE: JNC) +$9.05; Company agreed to an all-cash buyout offer from an investor group majority-led by Madison Dearborn Partners, LLC. Nuveen Investments stockholders will receive $65.00 in cash.

Fuel Tech, Inc. (Nasdaq: FTEK) +$5.21; FTEK and ITOCHU Hong Kong Ltd., a subsidiary of ITOCHU Corporation have signed an exclusive teaming agreement for the purpose of performing at least one FUEL CHEM(R) program on a combustion unit in the territory comprising the People\'s Republic of China (PRC), including the Hong Kong Special Administrative Region (SAR) and the Macau SAR.

Franklin Resources, Inc. (NYSE: BEN) +$4.81; Announced a quarterly cash dividend of $0.15 per share payable on July 13, 2007 to stockholders of record on June 29, 2007. The quarterly dividend of $0.15 is equivalent to the dividend paid for the prior quarter and represents a 25% increase over the quarterly dividend paid for the same quarter last year.

Digital River (Nasdaq: DRIV) +$2.60; Jefferies & Co upgrades Digital River from Hold to Buy. Jefferies analyst, Ross MacMillan, says, "...In our view, the question is when, not if, the company begins to see material contribution from MSFT and ERTS."


DOWNWARD MOVERS:
Brush Engineered Materials (NYSE: BW) -$8.92; Said Q2 results are now expected to be below the low end of the previously announced range of $0.50 to $0.65 per share. (Consensus is $0.59). The company also said while it is premature to comment specifically on the second quarter, the current outlook is for the full-year earnings to be in the range of $2.00 to $2.55 per share, down $0.20 a share from the previously published range of $2.20 to $2.75 per share. (Consensus is $2.50).

MGM MIRAGE (NYSE: MGM) -$5.45; Kerkorian\'s Tracinda Will Not Pursue Negotiations with MGM (MGM) on Purchase of Bellagio/CityCenter

Matrix Service Co. (Nasdaq: MTRX) -$5.17; Company expects that revenues for the fiscal year 2008, ending May 31, 2008, will be between $700 million and $750 million. (Consensus is $725.26 million) "We are maintaining the range of our full financial guidance for fiscal 2007 as previously provided, however, we anticipate that fourth quarter results will be partially impacted by productivity related cost overruns similar to those experienced in the third quarter," said President and Chief Executive Michael J. Bradley.

Littelfuse, Inc. (NASDAQ: LFUS) -$2.59; Revises guidance for the second quarter and full year of 2007. Sales for the second quarter, which previously were expected to be up 2% to 5% sequentially, are now expected to be similar to the first quarter of 2007. First quarter 2007 sales were $131.8 million. (Consensus is $138.34 million). Diluted earnings per share for the second quarter, which previously were expected to be in the range of $0.48 to $0.52, are now expected to be approximately $0.40 excluding an estimated gain of $0.22 per diluted share on the sale of excess land in Ireland. Diluted earnings per share on a GAAP basis are expected to be approximately $0.62. (Consensus is $0.50).

Force Protection Inc. (Nasdaq: FRPT) -$1.57; Before the open, the company announced it had received a $221 million contract from U.S. Marine Corps, however, after an initial spike in share price (at the open), the stock fell over 6%.

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