StreetInsider.com Pre-Open Movers 02/06

StreetInsider.com Pre-Open Movers:

Movie Gallery Inc. (Nasdaq: MOVI) 14% HIGHER; Enters Into Commitment to Refinance Senior Credit Facilities

Hoku Scientific, Inc. (Nasdaq: HOKU) 13% HIGHER; Hoku Materials, a division of Hoku Scientific, Inc. established to manufacture and sell polysilicon for the solar market, and Solar-Fabrik AG, a vertically integrated solar power company, today announced that they have increased the total amount of their planned contract to approximately $175 million, and have extended their mutual deadline to finalize a polysilicon supply agreement.

Quality Systems (Nasdaq: QSII) 11% LOWER; reports preliminary Q3 EPS of $0.32, 2 cents better than estimates.(0.30) Revenues were $38.5 million vs. $38.67 million consensus. The Company received written notification from the Securities and Exchange Commission (SEC) stating that the Commission has initiated an investigation of trading activity in the Company's securities.

Art Technology Group, Inc. (NASDAQ: ARTG) 10.6% LOWER; reports Q4 EPS of $0.04, in-line with estimates. Revenues were $32.2 million vs. $29.48 million consensus. Revenue for 2007 is expected to be in the range of $117 million to $123 million. (Consensus is $128.94 million). Sees FY07 GAAP EPS between a loss of $0.03 to $0.00 and non-GAAP EPS between $0.05-0.08. (Consensus is $0.16)

Tweeter Home Entertainment Group, Inc. (NASDAQ: TWTR) 10.6% LOWER; reports Q1 EPS of $0.08 vs. consensus of $0.20. Revenues were $234 million vs. $242.98 million consensus.

Cyberonics Inc. (Nasdaq: CYBX) 10% LOWER; Hearing medicare rejected coverage of the company's VNS therapy device for depression.

The International Securities Exchange Holdings, Inc. (NYSE: ISE) 9% HIGHER; reports Q4 EPS of $0.41 (ex-items), 4 cents better than estimates. Revenues were $53.3 million vs. $50.51 million consensus.

Radian Group Inc. (NYSE: RDN) 9% HIGHER; MGIC Investment Corporation and Radian Group Inc. announced they have agreed to merge, forming a preeminent mortgage and credit risk insurer.

MGIC Investment Corporation (NYSE: MTG) 7.7% HIGHER; MGIC Investment Corporation and Radian Group Inc. announced they have agreed to merge, forming a preeminent mortgage and credit risk insurer.

Metal Management, Inc. (NYSE: MM) 7% LOWER; reports Q3 EPS of $0.60, 14 cents worse than estimates. Revenues were $524 million vs. $469.51 million consensus.

Bankrate (Nasdaq: RATE) 6.3% HIGHER; reports Q4 earnings of $0.27 per share, ex-items, 3 cents better than estimates. Revenues came in at $20.7 million versus the consensus of $20.5 million. Sees FY07 revenues of $95-$100 million versus the consensus of $98.82 million.

Sohu.com (Nasdaq: SOHU) 6% LOWER; reports Q4 GAAP EPS of $0.16 ($0.21 ex-stock options) vs. consensus of $0.17. Revenues were $34.4 million vs. $35.52 million consensus. Sees Q1 revenues between $32-34 million vs. $35.69 million consensus. Assuming no effect of the new accounting standards FIN 48 "Accounting for Uncertainty in Income Taxes" which was effective on January 1, 2007, Sohu estimates non-GAAP fully diluted earnings per share for the first quarter of 2007 to be between US$0.18 and US$0.20. (Consensus is $0.17)

Celanese Corporation (NYSE: CE) 5% HIGHER: reports Q4 EPS of $0.77, 20 cents better than estimates. Revenues were $1.66 billion vs. $1.61 billion consensus. The company raised its 2007 outlook for adjusted earnings per share to between $2.70 and $3.00, from its previous guidance range of between $2.60 and $2.90, on continued robust global demand for its products and stronger operating margins in its specialty businesses. (Consensus is $2.85)

Omniture Inc. (Nasdaq: OMTR) 5% HIGHER; Zune, Microsoft's recently announced music and entertainment platform, has selected Omniture to optimize visitor interactions for its Zune Marketplace

EarthLink (Nasdaq: ELNK) 4.5% LOWER; reports Q4 loss of $0.20 per share, which includes $0.29 Helio equity loss, $0.04 worse than the consensus. Revenues came in at $328.2 million versus the consensus of $333.3 million. Sees Q1 revenues of $325-$330 million versus the consensus of $336.04 million. Sees FY07 revenues of $1.30-1.35 billion versus the consensus of $1.36 billion.

Tellabs Inc. (Nasdaq: TLAB) 4% HIGHER; Merrill upgrades to Buy

PPD Inc. (Nasdaq: PPDI) 3% LOWER; reports Q4 EPS of $0.35 ($0.38 ex-stock option expense), 2 cents better than estimates.(0.33) Revenues were $327 million vs. $299.58 million consensus.

Hudson City Bancorp Inc. (Nasdaq: HCBK) 3% HIGHER; will replace American Power Conversion Corp. (NASDAQ: APCC) in the S&P 500 index after the close of trading on a date to be announced. American Power Conversion is being acquired by S&P Global 1200 constituent Schneider Electric SA in a deal that is still pending final approvals.

Avon Products, Inc. (NYSE: AVP) 3% HIGHER; reports Q4 EPS of $0.41, 3 cents better than estimates. Revenues were $2.6 billion vs. $2.56 billion consensus.

NVIDIA Corp. (Nasdaq: NVDA) 2.9% HIGHER; JP Morgan upgrades to Overweight

National Semiconductor Corporation (NYSE: NSM) 2% LOWER; is lowering the company's revenue outlook for the third quarter of fiscal 2007, ending February 25, 2007. The company now anticipates that revenue for the third quarter of fiscal 2007 will be down approximately 14 to 15 percent sequentially from the $501.6 million in revenues that were achieved in the second quarter of fiscal 2007. National had originally guided on December 7, 2006, that third quarter revenues were expected to be down 8 to 11 percent sequentially, of which approximately 2 percentage points was attributable to reduced foundry revenue from the previously disposed of Cordless and PC Super I/O businesses

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