Largest $ Movers of Note - StreetInsider.com - 08/29/2007

August 29, 2007 12:54 PM EDT
UPWARD MOVERS:
POSCO (NYSE: PKX) +$8.82; Stock moves higher as the Steel & Iron sector/industry gains over 4% today.

Apple (Nasdaq: AAPL) +$5.65; AAPL sent out invitations (to the media) to a September 5th iPod conference where upgrades/new product(s) are expected to be announced.

Baidu.com, Inc. (Nasdaq: BIDU) +$5.51; Stock gaining (back) some ground after losing over 12 points yesterday.

Aluminum Corp. of China Ltd. (NYSE: ACH) +$4.70; Stock seeing continued interest and has gained 26 points in the past 6 trading sessions.

Micros Systems Inc. (Nasdaq: MCRS) +$4.27; Reports Q4 adj-EPS of $0.75, 6 cents better than estimates. Revenues came in at $221.6 million versus the consensus of $220.9 million. Sees Q1 EPS of $0.50-$0.52, versus the consensus of $0.51. Sees Q1 revs of $201-4204 million versus the consensus of $203.7 million. Sees FY08 EPS of $2.59-$2.62, versus the consensus of $2.58. Sees FY08 revs of $910-$915 million versus the consensus of $912.3 million.


DOWNWARD MOVERS:
PDL BioPharma Inc. (Nasdaq: PDLI) -$4.74; Plans to sell its commercial assets, including its Cardene, Retavase and IV Busulfex products, as well as the ularitide development-stage cardiovascular product. The company has also decided to terminate the Nuvion phase 3 program in ulcerative colitis due to insufficient efficacy and an inferior safety profile. Several broker downgrades.

The9 Limited (Nasdaq: NCTY) -$3,73; Reports Q2 EPS of $0.25 vs. consensus of $0.34. Revenues were US$35.5 million vs. $38.65 million consensus.

Orient-Express Hotels Ltd. (NYSE: OEH) -$1.80; Shares are losing ground today with no specific news releases.

Joy Global Inc. (Nasdaq: JOYG) -$1.42; Reports Q3 EPS of $0.66, 4 cents worse than estimates. Revenues were $622 million vs. $662.4 million consensus. Sees revenues between $2.6-2.8 billion over the next 12-months.

VMware, Inc. (NYSE: VMW) -$0.87; Stock opened higher after announcing a deal with General Dynamics, but has fallen into negative territory. (shares are up 40 points since the $29 IPO price on August 14, 2007)

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