After Hours Summary:

Monday, March 31, 2008

After Hours Summary: LEH -3.0% (to offer 3 mln shares of convertible preferred stock; Moody's downgrades some Lehman XS Alt-A deals); IBM -1.4% (learns of temporary suspension from new business with U.S. Federal Government); DELL -1.2% (is undertaking a strategic assessment of ownership alternatives for its Dell Financial Services financing activities)

Companies moving in after hours trading in reaction to earnings: Trading Up: SPIR +4.2%; APWR +2.2%... Trading Down: RMG -7.5%; TISI -2.6%; KRY -0.9%... Companies moving in after hours trading in reaction to news: Trading Up: OXM +33.2% (reaffirms Q1 and FY08 rev guidance to be in-line, EPS to the lower end); CEGE +28.5% (and Takeda announce global alliance for the development and commercialization of GVAX immunotherapy for prostate cancer); SRDX +2.3% (announces first human use of SynBiosys biodegradable polymer on cardiomind drug-eluting stent); GFF +1.8% (announces $100 mln credit agreement); LM +1.3% (provides money market fund update; has entered into capital support agreements to provide support to a money market fund managed by co); AOI +1.1% (announces the sale of its assets in Malawi)... Trading Down: TMY -10.1% (terminates merger agreement); KFN -6.2% (announces proposed common share offering of 20 mln common shares); SIVB -6.15 (to offer $200 mln convertible senior notes); LEH -3.0% (to offer 3 mln shares of convertible preferred stock; Moody's downgrades some Lehman XS Alt-A deals); OPWV -2.9% (announces phase 2 of its restructuring strategy; will incur a charge of approx. $16-19 mln); ROY 1.6% (appoints Paul Zink as President); IBM -1.4% (learns of temporary suspension from new business with U.S. Federal Government); ALXA -1.3% (secures $50 million committed equity financing facility with Azimuth opportunity); DELL -1.2% (is undertaking a strategic assessment of ownership alternatives for its Dell Financial Services financing activities); BMC -1.2% (announces early termination of Hart-Scott-Rodino waiting period).