After Hours Summary

Wednesday, February 6, 2008

After Hours Summary: CSCO -7.3% on earnings/guidance; MBI +7.5% (to issue $750 mln in common stock; MBIA Capital Raising May Preserve AAA Rating -- Wilbur Ross during Bloomberg TV interview) -Update-

Companies moving in after hours trading in reaction to earnings: Trading Up: UTI +13.5%; POWI +12.0%; DSCM +9.0%; KNL +6.4%; WMS +4.7%; PPDI +4.2%; UNCA +4.2%; ANDE +4.1%; DHX +3.7%; CCI +2.8%; TLEO +2.5%; NSIT +2.4%; HHGP +2.4%; LTRE +2.3%; SUN +2.3%; ATRM +2.3%; SRCL +2.2%; NAVR +2.2%; CREL +2.0%; HUBG +1.9%; NAPS +1.7%; JKHY +1.6%; ATML +1.5%; AKAM +1.5%; POL +1.2%; GXP +1.1%... Trading Down: EXBD -21.8%; UFPI -8.6%; CSCO -7.3%; DTLK -6.5%; SNWL -6.0%; SCSS -5.7%; PRU -5.0%; EDS -4.2%; FISV -3.2%; OESX -2.7%; SFLY -2.6%; RACK -2.4%; CPII -2.1%; ULTI -1.0%... Companies moving in after hours trading in reaction to news: Trading Up: POWI +12.0% (acquires Potentia Semiconductor for $5.5 mln; POWI's Q4 results will include a one-time charge of $1.4 mln); MBI +7.5% (to issue $750 mln in common stock; MBIA Capital Raising May Preserve AAA Rating -- Wilbur Ross during Bloomberg TV interview; provides updated information on 2007 financial results); IDIX +4.3% (reported data for IDX899; IDX899; demonstrates rapid and profound inhibition of HIV replication in a Phase I/II Clinical Trial); PPDI +4.2% (to acquire InnoPharm, an independent contract research organization based in Russia); NWA +3.7% (Northwest Airlines/Delta merger talks pick up steam, sources say -- WSJ); ABK +3.4% ('financially strong' - state regulator-DJ); BEXP +3.2% (announces 2008 capital budget); WOLF +3.1% (resorts closes $55 mln mortgage loan); HOTT +2.8% (reports January comp store sales -3.6%, reaffirms Q4 EPS of $0.25-0.29 vs $0.26 First Call consensus); FRED +2.1% (announces strategic plan to improve profitability and operating margin, sees FY07 EPS of $0.50-0.56 vs $0.57 First Call consensus); AIRT +1.9% (announced an order for $14.7 million); NMX +1.8% (issues statement in response to DOJ opinion letter); NYNY +1.4% (confirms that it has not abandoned the St. Regis Mohawk casino project in Monticello and has no intention of doing so); CTRN +1.2% (says total sales in the 13-week period ended Feb 2, 2008, increased 6.2% to $134.6 mln (consensus of $136.67 mln)); WIND +1.2% (reorganizes into product divisions to optimize growth and profitability, some positions will be eliminated)... Trading Down: GLW -2.5% (adds LCD glass capacity in Taiwan); ATEC -1.4% (acquires an exclusive worldwide license for innovative dynamic anterior cervical plate technology); BMY -1.1% (announced results from the CASTLE study; study showed similar efficacy between once-daily REYATAZ and twice-daily lopinavir/ritonavir at 48 weeks in previously untreated HIV-infected adult patients).

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