This is it… 4 days with no more updates until after Easter. Many big movers, a few left off because of thin volume….
Borders Group (NYSE: BGP) was the surprise winner considering that a loan package had been rumored for days. It repaid a $42.5 million loan from Ackman. The company also posted a profit despite lower sales. Shares are up a whopping 43% at $2.47 on over 400,000 shares as of 8:48 AM EST.
Micron Technology Inc. (NASDAQ: MU) was a real surprise, even for a skeptic. The DRAM maker posted an unexpected profit in its latest quarter in its results last night. At 8:48 AM EST we have shares up 6% at $11.00 on 2.3 million shares. The 52-week high is $11.34.
National Coal Corp. (NASDAQ: NCOC) is getting slapped this morning after last night’s filing of its year-end results… a loss, in credit default and has a going concern note… everything skeptical investors run from or bet against. Shares are down 23% at $0.43 on 100,000 shares as of 8:48 AM EST.
Research-in-Motion Ltd. (NASDAQ: RIMM) speaks for itself. The company’s earnings were light and the guidance was not a raise. Shipments were also soft.
SkillSoft plc (NASDAQ: SKIL) is extremely active and trading higher after it announced an agreement on the terms of a revised recommended acquisition for $11.25 per share in cash by a private investor group. Shares are up 7.6% at $11.11 but the trading volume is over 14 million shares as of 8:50 AM EST.
Xyratex Ltd. (NASDAQ: XRTX) is jumping after its Q1 earnings report beat estimates and after it gave a strong Q2 outlook. At 8:49 AM EST shares are uo 13% at $19.16 on 80,000 shares.
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JON C. OGG
