After Hours Summary: LEH +2.5% (commentator says BLK is not interested in bidding for LEH; says BX has not commented on possible interest); BUD -0.8%

Thursday, June 12, 2008

After Hours Summary: LEH +2.5% (commentator says BLK is not interested in bidding for LEH; says BX has not commented on possible interest); BUD -0.8% (in preliminary talks with Grupo Modelo about possible combination -- WSJ) Companies trading higher in after hours in reaction to earnings: SWHC +5.2%; CATS +1.7%... Companies trading down in reaction to earnings: FNSR -9.1%; HRLY -5.7%; BNHN -5.3%; PRLS -2.1%; CPST -1.8%... Companies trading higher in after hours in reaction to news: LCC +7.4% (accelerates business model transformation; reducing headcount by ~1,700); LSCC +4.9% (narrows Q2 rev guidance to upper end, sees up 2-4%, from prior of 1-4%); CHDX +4.2% (quantifies fourth quarter charges); CMO +3.1% (increases quarterly dividend to $0.59 from $0.52); STLD +3.4% (raises Q2 EPS guidance above consensus); COG +2.9% (Cabot Oil & Gas (COG) will replace Brunswick (BC) in the S&P 500); LEH +2.5% (commentator says BLK is not interested in bidding for LEH; says BX has not commented on possible interest); YHOO +2.3% (strengthen competitive position in online advertising through non-exclusive agreement with Google); MEE +2.0% (Massey Energy (MEE) will replace OfficeMax (OMX) in the S&P 500); CYTX +2.0% (University of California loses rights to '231 patent licensed to Cytori; Ruling unrelated to Celution System family of products);PPC +2.0% (SAC Capital Advisors discloses 7.6% stake in 13G filing); TEAM +1.3% (CFO to leave; commenced a search for a new CFO); OII +0.9% (announces NASA space suit contract); MSFT +0.3% (issues statement regarding Yahoo)... Companies trading lower in reaction to news: FNSR -9.1% (announces spin-off of NetWisdom business); ENER -3.9% (announces offering of 4,708,500 shares of common stock, $225 mln of convertible senior notes, and share lending arrangement); AZK -3.3% (defines gold targets and commences exploration program at Kipawa0; XTNT -2.2% (announces European regulatory update); BUD -0.8% (in preliminary talks with Grupo Modelo about possible combination -- WSJ).