Archive for October 1st, 2009

United Air (UAUA) Down On Share Offering

UAL shares (UAUA) are down 7% to $8.55. The company plans to offer, subject to market and other conditions, 19 million shares of its common stock in an underwritten registered public offering. In connection with this offering, the UAL intends to grant the underwriters an over-allotment option with respect to an additional 2.85 million shares of its [...]

Ascent Solar (ASTI) Down 13%

Ascent Solar Technologies (ASTI) is off to $6.56. The firm plan to commence an underwritten public offering of 4 million shares of its common stock. The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. Ascent Solar expects to grant the underwriters a 30-day option to [...]

RADVision (RVSN) Off More Than 20% On Cisco News

RADVision is selling off in high pre-market volume after major customer Cisco (CSCO) bought competitor Tandberg. RADVision is also expected to announce earnings. The stock is down 22% to $6.90. Douglas A. McIntyre

Lawson (LWSN) Punched Up On Earnings

Lawson Software (LWSN) is moving higher by 8% to $6.73, near its 52-week high, on earnings news. The company said for its first quarter of fiscal year 2010, which ended Aug. 31, 2009. total revenues of $169 million, were down 11%, or 6% adjusted for currency when compared to the first quarter of fiscal 2009. [...]

Catalyst Pharma (CPRX) Up 31% On Drug Candidate

Catalyst Pharmaceutical Partners (CPRX) is higher by 31% to $1.11 on news that will continue to develop CPP-109 (Catalyst’s version of vigabatrin) for the treatment of cocaine and methamphetamine addiction. The Company’s decision was made after, and based upon, an in-depth review of the results obtained from its 186-patient Phase II clinical trial evaluating the [...]