StreetInsider.com Unusual 11 Mid-Day Movers 05/25/2007

Iomai Corp (Nasdaq: IOMI) 37% LOWER; Announced interim results from a Phase 1 clinical trial of its patch-based vaccine for seasonal influenza. The trial showed that Iomai's vaccine patch stimulated an immune response to each of the three antigens in a dose-dependent manner. HOWEVER, results show that the injected vaccine prompted a greater immune response compared with the patch vaccine.

Sterling Financial Corp. (Nasdaq: SLFI) 36% LOWER; Finds Sophisticated Loan Scheme Through Subsidiary, Estimates $145-165 Million in Charges, Says 2004-06 Financial Statements Should No Longer Be Relied Upon

Quepasa (Nasdaq: QPSA) 20.5% HIGHER; Moving higher related to speculation co-founder Jeff Peterson could be nearly done liquidating his sizable position in the company, which will remove the overhang in the stock. Peterson recently announced his resignation from the board of Quepasa.

ORBCOMM, Inc. (Nasdaq: ORBC) 17% HIGHER; Company prices 7 million shares at $11.50 per share. Separately, the company IPO'd in Nov 06 and fell to $8 per share, 30% below its IPO price.

Nordson Corporation (Nasdaq: NDSN) 12.7% HIGHER; Reports Q2 EPS of $0.61, 4 cents better than estimates. Revenues were $241.3 million vs. $244.35 million consensus. On a geographic basis, second quarter sales volume was up 23% in Japan and 5% in the Asia Pacific region, influenced by the impact of acquisitions.

Verigy, Ltd. (Nasdaq: VRGY) 12.6% HIGHER; Reports Q2 adj-EPS of $0.40, 4 cents better than estimates. Revenues came in at $183 million versus the consensus of $176.2 million. Sees Q3 EPS $0.43-$0.48, ($0.45-$0.50 Non-GAAP), versus the consensus of $0.39. Sees Q3 revs of $195-$205 million versus the consensus of $173.6 million.

SourceForge, Inc. (Nasdaq: LNUX) 12.3% HIGHER; Reports Q3 EPS of $0.03, 1 cent better than estimates. Revenues were $10.3 million vs. $12.41 million consensus. Soleil Securities upgrades SourceForge to Hold.

Brown Shoe Co. Inc. (NYSE: BWS) 9.6% LOWER; Stock seeing profit taking after yesterday's 17.3% pop on a strong Q1 earnings report.

CDI Corp. (NYSE: CDI) 8.55% HIGHER; Goldman Sachs upgrades CDI Corp. from Neutral to Buy.

Archstone-Smith Trust (NYSE: ASN) 8.4% HIGHER; UBS said the company may be a takeover candidate.

Cleveland-Cliffs Inc (NYSE: CLF) 6.2% HIGHER; Announced the conversion rate of its 3.25% redeemable cumulative convertible perpetual preferred stock has been adjusted to 66.1881 common shares per share of preferred stock, effective May 21, 2007. The new conversion rate equates to a conversion price of $15.11 per common share. Separately, there are rumors circulating the company could be the target of a takeover. Rumored suitor is Companhia Vale do Rio Doce (NYSE: RIO).

You May Also Be Interested In

• After-Hours Movers: QCOM, COHR, APP, HUBS, SNAP, FSLY, FIG, ZG, BROS, CDE
• Grail tumbles as revenue misses estimates despite FDA vote
• Arm stock slips after hours as lack of blowout guidance offsets quarterly results