StreetInsider.com Unusual 11 Mid-Day Movers 09/26

StreetInsider.com Unusual 11 Mid-Day Movers:

Copernic Inc. (Nasdaq: CNIC) (formerly Mamma.com) 89% HIGHER; The company said the SEC dropped its investigation of the company with no enforcement action.

China BAK Battery, Inc. (Nasdaq: CBAK) 28% HIGHER; US-Traded Chinese stocks continue to see momentum

Resources Connection Inc. (Nasdaq: RECN) 24% LOWER; reports Q1 EPS of $0.23, $0.31 non-GAAP, versus the consensus of $0.28. Revenues came in at $194.1 million versus the consensus of $197.15 million. Numerous broker downgrades

Emergent BioSolutions Inc. (NYSE: EBS) 23% HIGHER; signed a three year contract with the U.S. Department of Health and Human Services (HHS), with a total value of up to $448 million.

China Shenghuo Pharmaceutical Holdings, Inc. (AMEX: KUN) 23% HIGHER; US-Traded Chinese stocks continue to see momentum

CollaGenex Pharmaceuticals, Inc. (NASDAQ: CGPI) 21% LOWER; Said Incyclinide Did Not Demonstrate a Greater Reduction in Inflammatory Lesions than Placebo

Fremont General Corporation (NYSE: FMT) 19% LOWER; Said it has been advised by Mr. Gerald J. Ford that, in light of certain developments pertaining to the Company and FIL, he is not prepared to consummate the transactions contemplated by the Investment Agreement entered into on May 21, 2007 among the Company, FIL and an entity controlled by Mr. Ford on the terms set forth in that agreement.

Xinhua Finance Media Limited (Nasdaq: XFML) 16% HIGHER; announced that The Yucaipa Companies, an investment firm with holdings in Asia, Europe and the Americas, has signed an agreement to purchase a block of existing shares from certain shareholders who have come out of IPO lockup

CMGI, Inc. (Nasdaq: CMGI) 15.6% LOWER; reported Q4 results. Net revenue fell 3.6% to $252.6 million, versus the consensus of $256.6 million. Reported a net loss of $0.01, versus the consensus of a $0.02 gain. The company currently expects revenue of approximately $1.10 billion to $1.15 billion and operating income to be approximately 2.0% to 2.5% of revenue in fiscal 2008. CMGI announced that its Board of Directors has authorized the company to proceed with a 1 for 10 reverse stock split. CMGI also announced that its Board of Directors has authorized the repurchase of up to $50 million in stock.

Greatbatch, Inc. (NYSE: GB) 15.3% LOWER; lowers guidance. The company expects full year sales to be in the range of $305 million to $315 million, GAAP EPS of $0.67 - $071 and adjusted EPS of $1.37 - $1.41. The company's previous guidance was sale of $320 million to $325 million and adjusted EPS of $1.57-$1.64. The consensus $324.14 million and $1.61.

NaviSite Inc. (Nasdaq: NAVI) 13.8% HIGHER; reported Q4 adj-loss of $0.04 per share, versus the consensus of an $0.08 loss. Revenues came in at $34.7 million versus the consensus of $33.67 million. Sees Q1 revenues of $36-$37 million, versus the consensus of $34.3 million. Sees FY08 revenues of $170-$180 million, versus the consensus of $150.5 million.

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