StreetInsider.com Unusual 11 Mid-Day Movers 04/02

StreetInsider.com Unusual 11 Mid-Day Movers:

Global Imaging Systems, Inc. (NASDAQ: GISX) 47% HIGHER; Xerox Corporation (NYSE: XRX) and Global Imaging Systems announced a definitive agreement for Xerox to acquire Global Imaging for $29 per share in cash. The total purchase price is expected to be about $1.5 billion.

Books-A-Million, Inc. (Nasdaq: BAMM) 23% HIGHER; Net sales for the 14-week period increased 8.4% to $174.6 million from sales of $161.1 million in the year-earlier period. Net income for the quarter was $15.1 million, or $0.90 per diluted share, compared with net income of $11.2 million, or $0.66 per diluted share, in the year-earlier period.

Allot Communications Ltd. (Nasdaq: ALLT) 23% LOWER; management expects that revenues for the first quarter of 2007 will be in the range of $8.2 - 8.3 million, compared to the Company's original guidance of a level similar to the $9.6 million in revenues recorded during the fourth quarter of 2006. As a result, Net income for the first quarter of 2007 will also decline.

Novavax Inc. (Nasdaq: NVAX) 22.7% HIGHER; said its virus-like particle (VLP) vaccine triggered a robust immune response and provided protection against the H9N2 strain of avian influenza, according to pre- clinical data published in the online edition of the journal Vaccine.

First Data Corp. (NYSE: FDC) 21% HIGHER; entered into an agreement to be acquired by an affiliate of Kohlberg Kravis Roberts & Co. (KKR) in a transaction with a total value of approximately $29 billion. Under the agreement, First Data shareholders will receive $34 in cash for each share of First Data common stock they hold.

Simclar, Inc. (Nasdaq: SIMC) 18% HIGHER; For the fourth quarter of 2006, Simclar had net income of $949,000 or $0.15 per share, compared to net income of $192,000 or $0.03 per share for the fourth quarter of 2005. For the calendar year 2006, Simclar had net income of $2.9 million or $0.44 per share, compared to net income of $947,000 or $0.15 per share for 2005.

Quovadx Inc., (Nasdaq: QVDX) 17% HIGHER; announced two transactions that resulted from the Company's previously announced review of strategic alternatives: the sale of the CareScience division and an agreement to sell the remainder of Quovadx, Inc.

AdStar, Inc. (Nasdaq: ADST) 13% LOWER; Net revenues for the year ended December 31, 2006 totaled $5,114,000, compared with net revenues of $5,239,000 in 2005. net loss applicable to common shareholders of $1,393,000, or $0.07 per share, in 2006, versus a net loss of $1,188,000, or $0.07 per share, in 2005.

M&T Bank Corporation (NYSE: MTB) 8.66% LOWER; lowered its guidance, citing Alt-A issues. The company estimates that diluted earnings per share for the first quarter of 2007 will be in the range of $1.50 to $1.60. The consensus is $1.86.

Midwest Air Group (Amex: MEH) 6.7% HIGHER; AirTran Holdings, Inc. (NYSE: AAI) increased its offer to purchase all of the outstanding shares of Midwest Air, to $15.00 per Midwest share. The offer consists of $9.00 in cash and 0.5842 of a share of AirTran common stock for each Midwest share. The total equity value of the exchange offer is $389 million.

Deere & Co. (NYSE: DE) 4% LOWER; Stifel Nicolaus downgrades Deere & Company (DE) to Hold

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