StreetInsider.com Pre-Open Movers 09/08

StreetInsider.com Pre-Open Movers:

TriPath Imaging, Inc., (Nasdaq: TPTH) 9.8% HIGHER; entered into an Agreement and Plan of Merger with Becton, Dickinson (NYSE: BDX). Pursuant to the Merger Agreement, each outstanding share of common stock of TriPath Imaging will be cancelled and converted into the right to receive $9.25 in cash.

Quiksilver (NYSE: ZQK) 9% LOWER; reports Q3 EPS of $0.04, in-line with estimates.(0.04) Revenues were $525.9 million vs. $486.73 million consensus. Sees Q4 EPS EPS of $0.53 (before stock expense) vs. consensus of $0.54. Sees Q4 revenues between $745-750 million vs. $713 million consensus. Sees FY07 EPS of $0.88-0.92 (including stock option expense) vs. $1.01 consensus. Sees FY07 revenues of $2.5 billion vs. $2.5 billion consensus.

Shuffle Master (Nasdaq: SHFL) 7.2% LOWER; reports Q3 GAAP EPS of $0.20 vs. consensus of $0.24 (May not be comparable) Revenues were $40.7 million vs. $46.59 million consensus. Sees FY EPS between $0.97-1.00 vs. $0.90 consensus (may not be comparable) SHFL announces $30 million common stock buyback.

Imergent Inc. (AMEX: IIG) 7% HIGHER; reports Q4 EPS of $0.32, 11 cents better than estimates.(0.21) Revenues were $28.2 million vs. $25.30 million consensus.

Smith & Wesson (Nasdaq: SWHC) 5.2% HIGHER; Smith & Wesson (Nasdaq: SWHC) reports Q1 EPS of $0.08, 1 cent better than estimates.(0.07) Revenues were $47.6 million vs. $41.96 million consensus. Sees FY revenues of $200 million vs. consensus of $190.57 million. Sees FY net income of $0.36 vs. $0.34 consensus.

Silicon Motion Technology Corp. (Nasdaq: SIMO) 4.75% HIGHER; now expects its third quarter sales to be approximately $27-28 million, up 26-31% from $21.4 million in the second quarter. This compares to the Company's previous sales guidance of $25.5-27.5 million for the third quarter and the consensus of $26.2 million.

Cell Genesys, Inc. (NASDAQ: CEGE) 4.4% LOWER; announced today that it is selling 5,750,000 shares of its common stock pursuant to an effective shelf registration statement. Cell Genesys expects the net proceeds from the sale of the shares to be approximately $25 million after deducting fees and expenses

FormFactor (Nasdaq: FORM) 4% LOWER; Citigroup downgrades FormFactor from Buy to Hold. Price target lowered from $45 to $44.

Broadcom Corp. (Nasdaq: BRCM) 3% LOWER; has identified additional stock option grants for which the measurement dates for purposes of APB 25 differ from those originally used to record such awards. As a consequence, the company now expects that the aggregate additional non-cash stock-based compensation expense to be recorded under APB 25 when it completes the restatement of its financial statements will be at least twice the amount previously estimated and could be substantially more depending upon the resolution of certain accounting issues.

G-III Apparel Group, Ltd. (Nasdaq: GIII) 3% HIGHER; reports a Q2 loss of $0.14 compared to a loss of $0.03 for Q2 of last year. Revenues were $69.1 million. For the full fiscal year ending January 31, 2007, the Company is now forecasting net sales of approximately $410 million and diluted net income per share between $0.63 and $0.67. This compares to its previous guidance of net sales of approximately $400 million and diluted net income per share between $0.58 and $0.62.

Volt Information Sciences Inc. (NYSE: VOL) 3.3% LOWER; reports Q3 EPS of $0.53, 9 cents worse than estimates. Revenues came in at $584.9 million versus the consensus of $605 million. Announces 1.5M share buyback.

New Century Financial Corp. (NYSE: NEW) 1.8% LOWER; Bear Stearns downgrades New Century Financial Corp. from Peer Perform to Underperform.

Lennar Corporation (NYSE: LEN) 1.7% LOWER; is revising its third quarter diluted earnings per share estimate to a range of $1.25 to $1.35. The consensus is $1.81.

National Semiconductor (NYSE: NSM) 1% LOWER; reports Q1 EPS of $0.35, 3 cents better than estimates.(0.32) Revenues were $541.4 million vs. $540.81 million consensus. Sees Q2 revenues down 2-5% vs. Q1, which is below current consensus of $558.1 million.

Gateway, Inc. (NYSE: GTW) 1% HIGHER; announced that it has named J. Edward Coleman as Gateway�s Chief Executive Officer. Mr. Coleman�s first day of employment will be September 18, 2006 at which time he will replace Mr. Richard D. Snyder, who has served as interim CEO since February 2006 and will remain Chairman of Gateway�s Board of Directors.

Equifax Inc. (NYSE: EFX) INDICTED HIGHER; now expects earnings per share to exceed $2.00 for calendar year 2006, an increase from its previous EPS estimate of $1.90 to $1.99 which was released on February 2, 2006. The current consensus is $1.98.

Bakers Footwear Group Inc. (Nasdaq: BKRS) INDICATED LOWER; reports Q2 loss of $0.16 per share, 18 cents worse than estimates. Revenues came in at $47.2 million versus the consensus of $48.9 million.

Luna Innovations Incorporated (Nasdaq: LUNA) INDICATED LOWER; Lowers guidance

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