StreetInsider.com Pre-Open Movers 05/18
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StreetInsider.com Pre-Open Movers:
aQuantive, Inc. (Nasdaq: AQNT) 77% HIGHER; Microsoft (Nasdaq: MSFT) announced it will acquire aQuantive for $66.50 per share in an all-cash transaction valued at approximately $6 billion.
Odyssey Marine Exploration Inc. (AMEX: OMR) 74% HIGHER; Large Shipwreck Find Yields over 500 000 Silver and Gold Coins
TierOne Corporation (Nasdaq: TONE) 32% HIGHER; CapitalSource Inc. (NYSE: CSE) and TierOne Corporation announced a definitive agreement under which CapitalSource will acquire TierOne Corporation, the holding company of TierOne Bank, in a stock and cash transaction valued at approximately $652 million, or approximately $34.46 for each TierOne share
CalAmp Corp. (Nasdaq: CAMP) 23% LOWER; reports Q4 EPS of $0.03, $0.08 ex-items, versus the consensus of $0.05. Revenues came in at $57 million versus the consensus of $56.4 million. Sees Q1 loss of $0.06-$0.09, an profit of $0.00-$0.02 ex-items, versus the consensus of $0.07. Sees Q1 revs of $44-$47 million versus the consensus of $60.5 million.
VeriChip Corporation (Nasdaq: CHIP) 20% HIGHER; profiled in BusinessWeek's Inside Wall Street Column
Trump Entertainment Resorts (Nasdaq: TRMP) 17% HIGHER; said its Strategic Committee has recently received preliminary and conditional indications of interest from parties proposing to acquire the Company. There can be no assurance that any of these indications of interest will result in a sale of the Company or any other transactions.
Vasogen Inc. (Nasdaq: VSGN) 12% LOWER; entered into definitive purchase agreements with institutional investors to raise US$16 million in gross proceeds through the sale of its common shares at a price of US$3.25, which is a premium to yesterday's closing stock price on the Nasdaq stock market.
Intuit Inc. (Nasdaq: INTU) 10% HIGHER; reports Q3 non-GAAP EPS of $1.13, 5 cents better than estimates.(1.08) Revenues were $1.15 billion vs. $1.11 billion consensus. Sees FY07 revenues between $2.685-$2.7 billion vs. prior guidance of $2.625-$2.675 billion vs. consensus of $2.66 billion. Sees FY07 non-GAAP ESP between $1.38-1.40 vs. prior guidance of $1.33-1.37 vs. consensus of $1.36. Intuit also announced today a new stock repurchase program for up to $800 million over the next three years.
ValueClick Inc. (NASDAQ: VCLK) 7% HIGHER; Microsoft buys rival aQuantive at a huge premium
Sonic Solutions (NASDAQ: SNIC) 6% LOWER; reports Q4 revenues of $38.1 million vs. consensus of $38.43 million. For the first fiscal quarter ending June 30, 2007, the Company's management anticipates net revenue, on a GAAP basis, will be between $33 million and $35 million. (Consensus is $36.94 million)
Iconix Brand Group Inc. (NASDAQ: ICON) 5% HIGHER; will replace WebEx Communications Inc. (NASDAQ: WEBX) in the S&P SmallCap 600 after the close of trading on Monday, May 21.
LTX Corporation (Nasdaq: LTXX) reports a Q3 loss of $0.13, versus the consensus of a $0.06 loss. Revenues were $33 million vs. $34.79 million consensus. Sees Q4 revenues between $33-35 million and a loss of $0.04-0.06 per share. (Current Q4 revenue consensus is $38.75 million and a loss of $0.02)
Dendreon Corp. (Nasdaq: DNDN) 4% LOWER; continued volatility as investors await the fate of cancer drug Provenge, which the FDA issued an "approvable letter"
Buffalo Wild Wings, Inc. (Nasdaq: BWLD) 3% HIGHER; announced a two-for-one stock split. Acquires Las Vegas Franchised Restaurants
Focus Media Holding Ltd. (Nasdaq: FMCN) 2.9% HIGHER; reports Q1 EPS of $0.21, ex-items, 2 cents better than estimates. Revenues came in at $58.1 versus the consensus of $55.44 million. Sees Q2 EPS of $0.34-$0.35, versus the consensus of $0.33. Sees Q2 revs of $103-$107 million versus the consensus of $89.5 million.
Kindred Healthcare Inc. (NYSE: KND) 2% HIGHER; will replace Martek Biosciences Corp. (NASDAQ: MATK) in the S&P MidCap 400 after the close of trading on Tuesday, May 22.
IOMED, Inc. (Amex: IOX) INDICATED HIGHER; IOMED and ReAble Therapeutics, Inc. (formerly known as Encore Medical Corporation) announced the signing of a definitive agreement whereby ReAble will acquire all the outstanding shares of IOMED in an all-cash merger for $2.75 per share, subject to adjustment.
aQuantive, Inc. (Nasdaq: AQNT) 77% HIGHER; Microsoft (Nasdaq: MSFT) announced it will acquire aQuantive for $66.50 per share in an all-cash transaction valued at approximately $6 billion.
Odyssey Marine Exploration Inc. (AMEX: OMR) 74% HIGHER; Large Shipwreck Find Yields over 500 000 Silver and Gold Coins
TierOne Corporation (Nasdaq: TONE) 32% HIGHER; CapitalSource Inc. (NYSE: CSE) and TierOne Corporation announced a definitive agreement under which CapitalSource will acquire TierOne Corporation, the holding company of TierOne Bank, in a stock and cash transaction valued at approximately $652 million, or approximately $34.46 for each TierOne share
CalAmp Corp. (Nasdaq: CAMP) 23% LOWER; reports Q4 EPS of $0.03, $0.08 ex-items, versus the consensus of $0.05. Revenues came in at $57 million versus the consensus of $56.4 million. Sees Q1 loss of $0.06-$0.09, an profit of $0.00-$0.02 ex-items, versus the consensus of $0.07. Sees Q1 revs of $44-$47 million versus the consensus of $60.5 million.
VeriChip Corporation (Nasdaq: CHIP) 20% HIGHER; profiled in BusinessWeek's Inside Wall Street Column
Trump Entertainment Resorts (Nasdaq: TRMP) 17% HIGHER; said its Strategic Committee has recently received preliminary and conditional indications of interest from parties proposing to acquire the Company. There can be no assurance that any of these indications of interest will result in a sale of the Company or any other transactions.
Vasogen Inc. (Nasdaq: VSGN) 12% LOWER; entered into definitive purchase agreements with institutional investors to raise US$16 million in gross proceeds through the sale of its common shares at a price of US$3.25, which is a premium to yesterday's closing stock price on the Nasdaq stock market.
Intuit Inc. (Nasdaq: INTU) 10% HIGHER; reports Q3 non-GAAP EPS of $1.13, 5 cents better than estimates.(1.08) Revenues were $1.15 billion vs. $1.11 billion consensus. Sees FY07 revenues between $2.685-$2.7 billion vs. prior guidance of $2.625-$2.675 billion vs. consensus of $2.66 billion. Sees FY07 non-GAAP ESP between $1.38-1.40 vs. prior guidance of $1.33-1.37 vs. consensus of $1.36. Intuit also announced today a new stock repurchase program for up to $800 million over the next three years.
ValueClick Inc. (NASDAQ: VCLK) 7% HIGHER; Microsoft buys rival aQuantive at a huge premium
Sonic Solutions (NASDAQ: SNIC) 6% LOWER; reports Q4 revenues of $38.1 million vs. consensus of $38.43 million. For the first fiscal quarter ending June 30, 2007, the Company's management anticipates net revenue, on a GAAP basis, will be between $33 million and $35 million. (Consensus is $36.94 million)
Iconix Brand Group Inc. (NASDAQ: ICON) 5% HIGHER; will replace WebEx Communications Inc. (NASDAQ: WEBX) in the S&P SmallCap 600 after the close of trading on Monday, May 21.
LTX Corporation (Nasdaq: LTXX) reports a Q3 loss of $0.13, versus the consensus of a $0.06 loss. Revenues were $33 million vs. $34.79 million consensus. Sees Q4 revenues between $33-35 million and a loss of $0.04-0.06 per share. (Current Q4 revenue consensus is $38.75 million and a loss of $0.02)
Dendreon Corp. (Nasdaq: DNDN) 4% LOWER; continued volatility as investors await the fate of cancer drug Provenge, which the FDA issued an "approvable letter"
Buffalo Wild Wings, Inc. (Nasdaq: BWLD) 3% HIGHER; announced a two-for-one stock split. Acquires Las Vegas Franchised Restaurants
Focus Media Holding Ltd. (Nasdaq: FMCN) 2.9% HIGHER; reports Q1 EPS of $0.21, ex-items, 2 cents better than estimates. Revenues came in at $58.1 versus the consensus of $55.44 million. Sees Q2 EPS of $0.34-$0.35, versus the consensus of $0.33. Sees Q2 revs of $103-$107 million versus the consensus of $89.5 million.
Kindred Healthcare Inc. (NYSE: KND) 2% HIGHER; will replace Martek Biosciences Corp. (NASDAQ: MATK) in the S&P MidCap 400 after the close of trading on Tuesday, May 22.
IOMED, Inc. (Amex: IOX) INDICATED HIGHER; IOMED and ReAble Therapeutics, Inc. (formerly known as Encore Medical Corporation) announced the signing of a definitive agreement whereby ReAble will acquire all the outstanding shares of IOMED in an all-cash merger for $2.75 per share, subject to adjustment.
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