Tag - Scon

Superconductor Technologies Inc. (Nasdaq:SCON), Saffron Fund Inc. (Nasdaq:SZF) and Acacia Research-Acacia Technologies (Nasdaq:ACTG) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tasty Baking Co. (Nasdaq:TSTY), Broadpoint Gleacher Securities Group Inc. (Nasdaq:BPSG), American Dairy Inc. (Nasdaq:ADY), AboveNet Inc. (Nasdaq:ABVT), Changyou.com Ltd. (Nasdaq:CYOU) and Wonder Auto Technology Inc. (Nasdaq:WATG).

Hoku Scientific, Inc. (Nasdaq: HOKU), SRI/Surgical Express, Inc. (Nasdaq: STRC) and U.S. Shipping Partners L.P. (NYSE: USS) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

The Russell 2000 (NYSE: IWM) futures are pointing down and the small-cap index will likely open in the red on news of more credit problems.

Wachovia Corp. (NYSE: WB) got the bears ready when it announced this morning that it expects to suffer additional losses of $1.1 billion due to the problems in the subprime mortgage sector. The Charlotte, N.C.-based bank, the fourth largest U.S. bank, said that it will write down collateralized debt obligations of about $1.11 per share for the month of October.

In economic news, the U.S. Commerce Department reported that the trade deficit unexpectedly narrowed in September. The deficit came to $56.5 billion, a decline of 0.6% from $56.8 billion in August. A weak dollar and strong growth overseas helped lift exports.

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $100 million and $750 million:

Biggest percentage gainers:

• Echelon Corp. (ELON), up 9%.
• Hutchinson Technology Inc. (HTCH), up 8% on news of a rise in fiscal fourth-quarter profit.
• Superconductor Technologies Inc. (SCON), up 7% on news of a joint venture with Hunchun BaoLi Communications Co. Ltd. (BAOLI).

Biggest percentage losers:

• Jones Soda Co. (JSDA), down 19% on news of a third-quarter loss.
• Isilon Systems Inc. (ISLN) down 16% on news it delayed its third-quarter earnings report.
• DTS Inc. (DTSI) down 15% on news that third-quarter results missed expectations.

Hardinge Inc. (Nasdaq: HDNG), Kenexa Corp. (Nasdaq: KNXA) and National Atlantic Holdings Corp. (Nasdaq: NAHC) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage losers:

Ceragon Networks Ltd. (Nasdaq: CRNT), ABX Air, Inc. (Nasdaq: ABXA) and China Sunergy Co., Ltd. (Nasdaq: CSUN) are among the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $750 million:

Origin Agritech Ltd. (Nasdaq: SEED), ClickSoftware Technologies Ltd. (Nasdaq: CKSW) and Buffalo Wild Wings (Nasdaq: BWLD) are among the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $750 million:

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are in the red due to news of poor earnings and concerns that interest rates will not fall. At 1:35 p.m. ET, the small-cap index had shed 2.78 points, or 0.34%, to 818.94. The Dow was off 40.88 points, or 0.29%, to 13,829.38.

Investors hoping for a sizeable drop in the U.S. Federal Reserve’s target interest rate may be disappointed, according to an article in The Wall Street Journal. The paper claims that policy makers, who kicked off their two-day meeting this morning, will likely either cut the federal funds rate 0.25% or leave it unchanged.

That was enough to scare away the bulls, and stocks opened in negative territory.

Contributing to the bearish mood was news that United States Steel Corp.’s (NYSE: X) third-quarter net income missed analysts’ projections by falling 35% due to costs associated with an acquisition.

Cincinnati, Ohio-based consumer goods giant The Procter & Gamble Co. (NYSE: PG) also had bad news to report, saying that its profit margin will come under pressure in the coming months due to higher energy costs.

 

Superconductor Technologies Inc. (STI) (Nasdaq: SCON), a provider of high performance infrastructure products for wireless voice and data applications, said it will provide its SuperLink product to China Corporate Credit Assurance Co. Ltd. for use in 2G and 3G networks in China.

Superconductor also noted that it is working with Hunchun BaoLi Communications Co. Ltd. to form a joint venture focused on the manufacture and sale of Superconductor's SuperLink interference elimination solution for the Chinese market. Superconductor said its agreement with CCAC creates a mechanism for Superconductor to supply its products to China while its joint venture proceeds.

China Corporate Credit Assurance is a professional commercial assurance organization that is a subsidiary of China’s State-owned Assets Supervision and Administration Commission of the State Council.

The agreement sent shares of Superconductor (SCON) shooting up 26.13%, or $2.90, to a new 52-week high of $14 in pre-market trading. Shares of Superconductor have been trading in the range of $1.38 to $11.97 for the past 52 weeks.

The Russell 2000 (NYSE: IWM) is posting steeper losses this afternoon, with the other major U.S. indices also in negative territory. At 2:00 p.m. ET, the small-cap index had lost 18.77 points, or 2.29%, to 799.76. The Dow Jones Industrial Average (INDU) was down 152.42 points, or 1.11%, to 13,523.81.

Small and large cap stocks are drowning in a sea of red following more negative news about the state of the U.S. housing sector and a nasty reminder of the far-reaching effects of the subprime mortgage meltdown on the financial sector.

Sales of existing U.S. homes fell 8% in September to an annual pace of 5.04 million, according to the National Association of Realtors. That’s the lowest level since the Washington, D.C.-based trade association started keeping tabs in 1999 and a sign that the credit squeeze is sapping demand. The pace of sales in August was 5.48 million.

The median price of an existing home was $211,700 in September, a drop of 4.2% from a year earlier.

The housing sector started to sag in the second half of 2006, leading to a wave of foreclosures and causing a mess in the subprime mortgage sector.

News of strong third-quarter earnings lifted the Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) to a second consecutive positive close. The small-cap index added 8.45 points, or 1.04%, to 818.53. The Dow gained 109.26 points, or 0.81%, to 13,676.23.

On a year-to-date basis, the Russell 2000 has increased 3.95%, while the Dow has added 9.63%.

With no major news on the economic front, investors turned to earnings.

The bullish mood was set after the close on Monday when Apple Inc. (Nasdaq: AAPL) reported a 67% increase in third-quarter revenue, partially driven by strong demand for Macintosh computers.

More good news came this morning when New York-based card issuer American Express Co. (NYSE: AXP) announced that third-quarter profit rose 10%, while telecommunications giant AT&T Inc. (NYSE: T) said that its third-quarter net income increased 41% due to its acquisition of BellSouth Corp.

Among small-cap companies, jet engine components maker EDAC Technologies Corp. (Nasdaq: EDAC) posted a 500% rise in third-quarter profit. Similarly, newspaper publishing company Journal Communications, Inc. (NYSE: JRN) also saw its third-quarter net income climb.

KongZhong Corp. (Nasdaq: KONG), China BAK Battery Inc. (Nasdaq: CBAK) and China Techfaith Wireless Comm. Tech. Ltd (Nasdaq: CNTF) are the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

Jaclyn, Inc. (AMEX: JLN), China Precision Steel, Inc. (Nasdaq: CPSL) and Superconductor Technologies, Inc. (Nasdaq: SCON) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

CollaGenex Pharmaceutical, Inc. (Nasdaq: CGPI), Zareba Systems Inc. (Nasdaq: ZRBA) and Voxware, Inc. (Nasdaq: VOXW) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Superconductor Technologies, Inc. (Nasdaq: SCON), China Precision Steel, Inc. (Nasdaq: CPSL) and Local.com Corp. (Nasdaq: LOCM) are the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

Superconductor Technologies, Inc. (Nasdaq: SCON) is partnering with a Chinese telecommunications firm to gain a stronger foothold in the Chinese market, the maker of infrastructure products for wireless voice and data applications reported after the close on Monday.

The Santa Barbara, Calif.-based company has signed a term sheet to form a joint venture with Hunchun BaoLi Communication Co. Ltd. by the end of 2007. Together, the two firms will manufacture and market Superconductor Technologies’ interference elimination solution, SuperLink. The proposed joint venture will conduct evaluations of the technology for future use by Chinese telecom operators.

“The telecom market in China has a complicated spectrum plan, with no guard band between some of the neighboring channels,” said QiangHua Shao, the general manager for Baoli, in a statement. “By reducing interference and increasing base station sensitivity, the sharp filtering of STI's SuperLink solution can offer significant advantages.”

Baoli Communication Co. is a wholly owned subsidiary of holding comoany Baoli Group.

According to the terms of the agreement, STI will hold 45% of the joint venture and receive royalty on sales, while Baoli will control the remaining 55%. The two companies are looking to sign a definitive agreement by the end of 2007.

“With the deployment of its 3G wireless network China, China will require solutions to optimize overall network performance,” said STI’s president and CEO Jeff Quiram. “With a strategic relationship with BAOLI, we believe we can significantly improve China's 3G network with products that provide unparalleled interference protection.”

At 2:24 p.m. ET, shares of Superconductor Technologies (SCON) had gained $1.89, or 32%, to $7.78.

New Oriental Energy & Chemical Corp. (Nasdaq: NOEC), China Precision Steel, Inc.  (Nasdaq: CPSL) and Superconductor Technologies, Inc. (Nasdaq: SCON) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

Superconductor Technologies, Inc. (Nasdaq: SCON), China Precision Steel, Inc. (Nasdaq: CPSL) and Kreisler Manufacturing (Nasdaq: KRSL) are the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

Q.E.P. Co., Inc. (Nasdaq: QEPC), Gyrodyne Company of America, Inc. (Nasdaq: GYRO) and Tufco Technologies, Inc. (Nasdaq: TFCO) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

China Sunergy Co., Ltd. (Nasdaq: CSUN), Uranium Resources, Inc. (NasdaQ:URRE) and NeurogesX Inc. (Nasdaq: NGSX) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

Cardica, Inc. (Nasdaq: CRDC) , Hoku Scientific, Inc. (Nasdaq: HOKU) and Accredited Home Lenders Holding Co. (Nasdaq: LEND) are among the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million:

Life Partners Holdings, Inc. (Nasdaq: LPHI), The Aristotle Corp. (Nasdaq: ARTL) and Super Conductor Technologies, Inc. (Nasdaq: SCON) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

Cardica, Inc. (Nasdaq: CRDC), Pacific Ethanol Inc. (Nasdaq: PEIX)  and Telular Corp. (Nasdaq: WRLS) are among the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

Cardica, Inc. (Nasdaq: CRDC), POZEN Inc. (Nasdaq: POZN) and China Sunergy Co., Ltd. (Nasdaq: CSUN) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

LOUD Technologies, Inc. (Nasdaq: LTEC), IntriCon Corp. (AMEX: IIN) and LJ International, Inc. (Nasdaq: JADE) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

BluePhoenix Solutions, Ltd. (Nasdaq: BPHX), Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) and Intac International Inc. (Nasdaq: INTN) are among the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

Local.com Corp. (Nasdaq: LOCM), Great Wolf Resorts, Inc. (Nasdaq: WOLF) and Accredited Home Lenders Holding Co. (Nasdaq: LEND) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

Accredited Home Lenders Holding Co. (Nasadaq: LEND), Local.com Corp. (Nasdaq: LOCM) and Tercica, Inc. (Nasdaq: TRCA) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

New Gold Inc. (AMEX: NGD), Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) and Chindex International, Inc. (Nasdaq: CHDX) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

Superconductor Technologies, Inc. (Nasdaq: SCON), Accredited Home Lenders Holding Co. (Nasdaq: LEND) and Rackable Systems, Inc. (Nasdaq: RACK) are among the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million:

Accredited Home Lenders Holding Co. (Nasdaq: LEND), Hoku Scientific, Inc. (Nasdaq: HOKU) and Superconductor Technologies, Inc. (Nasdaq: SCON) are among the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

Superconductor Technologies, Inc. (Nasdaq: SCON), QLT Inc. (Nasdaq: QLTI) and China Sunergy Co., Ltd. (Nasdaq: CSUN) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

Superconductor Technologies, Inc. (Nasdaq: SCON), Carolina National Corp. (Nasdaq: CNCP) and I.D. Systems, Inc. (Nasdaq: IDSY) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

Provider of infrastructure products for wireless voice and data applications Superconductor Technologies Inc. (Nasdaq:SCON) reported this morning that it is in negotiations to form a joint venture with Hunchun BaoLi Communication Co. Ltd., which manufactures push-to-talk handsets and the associated battery technology in China.

The proposed joint venture would focus on the manufacturing and marketing of Superconductor’s SuperLink interference elimination product for the Chinese market. SuperLink lowers dropped and blocked calls, extends coverage, and enables faster wireless data rates. 

Hunchun BaoLi company executives said that combining its manufacturing and supply chain capabilities with Superconductor’s technology will well position both companies in China.

The companies said they would like to consummate the joint venture by the end of 2007.

Shares of Superconductor rocketed 85%, or $2.84, to $6.17 in mid-morning trading.