Tag - QXM

Qiao Xing Universal Telephone Inc (Nasdaq:XING), Cardiome Pharma Corp (Nasdaq:CRME) and Stewart Enterprises Inc (Nasdaq:STEI) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc (Nasdaq:CSIQ), Berkshire Bancorp Inc (Nasdaq:BERK), Brookfield Homes Corp (Nasdaq:BHS), CSG Systems International Inc (Nasdaq:CSGS), Qiao Xing Mobile Communication Co Ltd (Nasdaq:QXM) and China Architectural Engineering Inc (Nasdaq:CAEI).

Here are the biggest percentage gainers among small caps:

Qiao Xing Mobile Communication Co., Ltd. (NYSE:QXM) shares are taking a dive after the cell phone maker reported before Monday’s opening bell that its fourth-quarter revenue declined to $102.4 million from $103.9 million a year earlier.

In Monday morning trading, QXM shares are down 15.07%, or $1.16, at $6.53. For detailed price information and recent news stories about Qiao Xing Mobile Communication, click QXM.

Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM), a chinese manufacturer of mobile handsets, reported third-quarter results and disclosed plans for future products.

For the three months ended Sept. 30, the small cap recorded net income before extraordinary items of RMB133 million (US$17.8 million), or RMB2.54 (US$0.34), which was a 19.6% increase from the third quarter of 2006, of RMB2.79. No analyst estimates were available.

Revenues were RMB832 million (US$111 million) in the third quarter of 2007, an increase of 28.3% from RMB648 million in the third quarter of 2006,

Qiao Xing attributed the increase in revenues to higher handset shipments and higher sales of the company's new high margin C6000 and T100 models.

Looking into 2008, the company stated that its overall business outlook remains “very optimistic.”

Qiao Xing has plans to launch its C3100 product, which features a bright flashlight, at the end of November 2007 and said it will bring to market its C3600 model in early 2008.

The company also noted that it is developing a new luxury series of handsets and recently set up a new subsidiary that will focus on partnering with the mobile operators in China and other overseas markets to bundle its phones with their services.

Shares of Qiao Xing (QXM) edged up $0.36, or 3.73%, to $10 ahead of the opening. Shares of Qiao Xing have been trading in the range of $ 6.92 to $15.48 for the past 52 weeks.

These are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million:

Better-than-expected economic news this morning prompted buying of stocks on the opening.

At 9:58 a.m. ET the Russell 2000 was up 1.18 points, or 0.14 percent, to 815.36.  Dow Jones Industrial Average was up 42.26 points, or 0.32 percent, to 13,426.10.

U.S. housing starts rose a greater-than-expected 2.5% in April to an annualized rate of 1.528 million, the Commerce Department reported before the opening bell.  Economists were projecting a drop of 2.2% to 1.485 million.

April’s industrial output increased 0.7%, the U.S. Federal Reserve said before the start of trading.  That’s more than twice the projected rise of 0.3%.  Industrial production has expanded 1.9% over the past 12 months.

San Jose-based Agile Software Corp. (Nasdaq: AGIL), which makes product life-cycle management software, is being purchased by giant Oracle Corp. (Nasdaq: ORCL) for $495 million in cash, according to news reports this morning.  The deal is expected to be finalized in July.  Shares are down $0.18, or 2%, to $7.08.

Shares of Horsham, Pa.-based Astea International Inc. (Nasdaq: ATEA) are trading lower despite news after Tuesday’s close that the service management solutions company reported a net profit for the first quarter of 2007 of $1.3 million, or $0.36 per share, compared with a net loss of $2.3 million, or $0.64 per share, for the same period in 2006.