StreetInsider.com Pre-Open Movers 09/28

StreetInsider.com Pre-Open Movers:

Silverstar Holdings, Ltd. (Nasdaq: SSTR) 46% HIGHER; said Q4 revenues rose 161% to $12 million. Net income totaled $2.6 million or $0.25 per share, compared to a loss of $2.8 million in the previous quarter or ($0.27) per share and a loss of $868,000 or ($0.10) per share a year-ago.

BigBand Networks, Inc., (NASDAQ: BBND) 33% LOWER; revised its revenue outlook for the third quarter ending September 30, 2007. The Company now expects to report revenue for the third quarter in the range of $35 to $39 million, which is below the Company's previous guidance of $54 to $58 million. The Wall Street consensus is $56.02 million.

3Com (Nasdaq: COMS) 32% HIGHER; Reports from the Wall Street Journal, 3Com (Nasdaq: COMS) is expected to announce a sale to Bain Capital and Huawei for more than $2 billion, or $5 a share.

CKX Inc. (Nasdaq: CKXE) 10.4% HIGHER; CKX Agrees to Revised Offer from 19X Which Results in Increased Value for CKX Shareholders

China Techfaith Wireless Communication Technology Ltd. (Nasdaq: CNTF) 9% HIGHER; US-Traded Chinese stocks continue to see upside action.

Environmental Power Corp. (AMEX: EPG) 8% LOWER; Priced its public offering of 5,400,000 shares of its common stock at $5.25 per share.

AZZ Incorporated (NYSE: AZZ) 7% HIGHER; Reports strong Q2 results and guides above the consensus.

SourceForge, Inc. (Nasdaq: LNUX) 7% HIGHER; Merriman Curhan starts a Buy

Alcatel-Lucent (NYSE: ALU) 5.1% HIGHER: Reports from the Wall Street Journal, the company seeks to accelerate integration plans

Wynn Resorts Ltd. (Nasdaq: WYNN) 4.6% LOWER; files to sell undisclosed amount of stock under securities shelf.

Cognos Inc. (Nasdaq: COGN) 2.2% LOWER; reports Q2 EPS of $0.40, 2 cents better than estimates. Revenues came in at versus the consensus of $250.8 million. Sees Q3 EPS of $0.45-$0.53, versus the consensus of $0.52. Sees Q3 revs of $270-$285 million versus the consensus of $270.8 million. Sees FY EPS of $2.00-$2.10, versus the consensus of $2.03. Sees FY08 revs of $1.075-$1.1 billion versus the consensus of $1.07 billion. Separately, the company announced a $200 million buyback.

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