StreetInsider.com After-Hours Movers 06/04
Get Alerts OPWV Hot Sheet
Join SI Premium – FREE
StreetInsider.com After-Hours Movers:
Openwave Systems Inc. (Nasdaq: OPWV) 13.8% LOWER; announced that its Board of Directors rejected the unsolicited partial tender offer from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. to purchase 40,389,560 shares of Openwave common stock, or approximately 49% of the Company's outstanding shares, for $8.30 per share in cash.
Mitcham Industries (Nasdaq: MIND) 3.5% HIGHER; Reports Q1 EPS of $0.39, versus the consensus of $0.30. Revenues were $23.0 million compared to $14.1 million in the first quarter of fiscal 2007. The Company reaffirms its recent guidance for fiscal 2008 of total revenues ranging between $55 million and $60 million; operating income of $12.5 million to $13.5 million; and an effective tax rate of approximately 34 percent.
PetroQuest Energy, Inc. (NYSE: PQ) 3.4% HIGHER; has finished completion operations on its third operated horizontal Woodford Shale well.
SI International, Inc. (NASDAQ: SINT) INDICATED HIGHER; will replace Delta and Pine Land Company (NYSE: DLP) in the S&P SmallCap 600 index after the close of trading on Tuesday, June 5, 2007. Delta and Pine Land, which was removed from the index after the close of trading this evening, was acquired by S&P 500 constituent Monsanto Co. (NYSE: MON) before the opening of trading today.
Openwave Systems Inc. (Nasdaq: OPWV) 13.8% LOWER; announced that its Board of Directors rejected the unsolicited partial tender offer from Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. to purchase 40,389,560 shares of Openwave common stock, or approximately 49% of the Company's outstanding shares, for $8.30 per share in cash.
Mitcham Industries (Nasdaq: MIND) 3.5% HIGHER; Reports Q1 EPS of $0.39, versus the consensus of $0.30. Revenues were $23.0 million compared to $14.1 million in the first quarter of fiscal 2007. The Company reaffirms its recent guidance for fiscal 2008 of total revenues ranging between $55 million and $60 million; operating income of $12.5 million to $13.5 million; and an effective tax rate of approximately 34 percent.
PetroQuest Energy, Inc. (NYSE: PQ) 3.4% HIGHER; has finished completion operations on its third operated horizontal Woodford Shale well.
SI International, Inc. (NASDAQ: SINT) INDICATED HIGHER; will replace Delta and Pine Land Company (NYSE: DLP) in the S&P SmallCap 600 index after the close of trading on Tuesday, June 5, 2007. Delta and Pine Land, which was removed from the index after the close of trading this evening, was acquired by S&P 500 constituent Monsanto Co. (NYSE: MON) before the opening of trading today.
You May Also Be Interested In
- After-Hours Movers: QCOM, COHR, APP, HUBS, SNAP, FSLY, FIG, ZG, BROS, CDE
- Gartner: Truist says growth rebound looks further away, cuts rating
- Cipher Mining sinks 17% as Texas election puts AI data-center expansion at risk
Create E-mail Alert Related Categories
General News, Special ReportsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share