After Hours Summary: ADI +3.5% and TEX +6.4% on earnings/guidance

Wednesday, February 20, 2008

Companies moving in after hours trading in reaction to earnings: Trading Up: LOCM +9.8%; NTES +7.0%; ITRI +6.8%; TEX +6.4%; SNPS +6.2%; IFSIA +6.0%; GA +4.2%; FADV +3.8%; ADI +3.5%; PLLL +2.3; TQNT +2.3%; TRN +1.9%; AEL +1.5%; ACTL +1.3%... Trading Down: LAD -19.9%; NVTL -18.1%; MSSR -17.7%; ATX -9.5%; OCNW -7.6%; CECO -7.1%; OII -7.0%; LNET -6.9%; MCRI -6.9%; VRGY -6.6%; PSYS -5.0%; LFG -3.1%; LGND -1.8%; GRT -1.3%... Companies moving in after hours trading in reaction to news: Trading Up: BNVI +33.9% (announces "positive developments" in on-going Phase 1/2 cancer drug trial); SQNM +6.5% (announces key milestone in development of noninvasive prenatal down syndrome test); IVAC +3.9% (receives orders for five 200 Lean magnetic disk sputtering systems for delivery in 2008); FTEK +2.6% (announces two Fuel Chem orders); IDGR +2.4% (enters into merger agreement to be acquired by an affiliate of Platinum Equity Advisors, LLC; IDGR stockholders to receive $10.30 per share); CPST +1.9% (receives another order in the oil & gas market)... Trading Down: SSRX -23.5% (reports Q4 results below consensus, issues downside FY08 rev guidance; discusses postponed original schedule of completing all three current Phase III trials by end of 2007); CIR -3.2% (announces Bill Higgins elected as CEO and Director); TTEC -2.5% (announces audit committee completes review of equity-based compensation practices with no evidence of improper conduct); DMND -1.8% (reaffims FY08 EPS in-line with consensus, says FY08 revs growth will be less than expected; sees Q2 EPS in-line, revs below); CBE -1.4% (announces its Cannon demand management solution selected by Baltimore Gas and Electric); TIN -1.1% (Carl Icahn amends 13D; reports the sale and purchase of call options); CR -1.1% (reaffirms FY08 guidance); TBSI -1.0% (takes delivery of handysize bulk carrier, M.V. Mohave Maiden for $26.0 mln); ABK -0.80% (U.K. Subisidiary insturucts the Association of British Insurers to conduct an initial holdings enquiry for the Metro Rail SSL & BCV bonds).