Avid CA CSK Dolby Infinera Millipore U.S. Equity Movers
Avid, CA, CSK, Dolby, Infinera, Millipore: U.S. Equity Movers
By Lu Wang
Feb. 1 (Bloomberg) — The following is a list of companies
whose shares are having unusual price changes in U.S. markets.
Stock symbols are in parentheses after company names, and prices
are as of 10:10 a.m. in New York.
Altera Corp. (ALTR US) rose the most since October 2004,
gaining $1.50, or 8.9 percent, to $18.39. The world;s second-
biggest maker of programmable semiconductors said it expects
revenue of at least $323.2 million in the first quarter. That
exceeded the average estimate of $320.6 million from analysts in
a Bloomberg survey.
Ambac Financial Group Inc. (ABK US), the world;s second-
biggest bond insurer, climbed $1.56, or 13 percent, to $13.20.
Eight banks formed a consortium to seek a rescue plan for bond
insurers, CNBC reported, citing an unidentified person.
MBIA Inc. (MBI US), the world;s biggest, rose 7.7 percent
to $16.70. Security Capital Assurance (SCA US) added 5.1 percent
to $3.31.
Avid Technology Inc. (AVID US) fell the most since July
2005, losing $4.72, or 18 percent, to $21.20. The maker of
editing equipment said excluding amortization, stock-based
compensation and other costs, fourth-quarter per-share profit
was 42 cents. Seven analysts estimated earnings of 51 cents, on
average, in a Bloomberg survey.
CA Inc. (CA US) climbed the most since October 2002, adding
$3, or 14 percent, to $25. The second-biggest maker of software
for mainframe computers reported a third-quarter profit that
topped analysts; estimates after the company cut expenses. The
company raised its profit and sales forecasts for the year.
CSK Auto Corp. (CAO US) jumped the most since its 1998
initial public offering, surging $2.77, or 47 percent, to $8.72.
O;Reilly Automotive Inc. (PGEO US), a seller of car parts,
offered to buy CSK for about $355 million, or $8 a share, in
cash. The transaction value, including debt, is about $845
million.
Digital River Inc. (DRIV US) fell the most since October
2005, dropping $5.22, or 14 percent, to $32.28. The company that
builds and manages online business for others said it expects to
earn 48 cents a share in the first quarter. Analysts, on
average, anticipated 57 cents, according to a Bloomberg survey.
Dolby Laboratories Inc. (DLB US) rose the most since
November 2006, jumping $6.83, or 16 percent, to $49.76. The
developer of movie and music sound systems said it earned 42
cents a share in the fiscal first quarter. The average estimate
from analysts in a Bloomberg survey was 34 cents.
Flowserve Corp. (FLS US) climbed the most since Nov. 2,
gaining $12.23, or 15 percent, to $94.34. The Texas-based maker
of pumps and valves used by oil and chemical companies said it
expects to earn at least $5.10 a share this year. Analysts, on
average, estimated profit of $4.83, according to a Bloomberg
survey. Bear Stearns Cos. boosted the stock;s rating to
“outperform;; from “peerperform.;;
Google Inc. (GOOG US) dropped the most since January 2006,
sliding $44.73, or 7.9 percent, to $519.57. The owner of the
most popular Internet search engine reported fourth-quarter
profit and sales that trailed analysts; estimates, signaling
that an economic slowdown may be cutting into online
advertising.
Infinera Corp. (INFN US) rose the most since June 7,
rallying $3.70, or 36 percent, to $13.89. The maker of high-
speed network systems said its fourth-quarter loss narrowed on
increased sales. Excluding stock-based compensation, profit was
17 cents a share. Five analysts estimated an average of 4 cents
in a Bloomberg survey.
Intuitive Surgical Inc. (ISRG US) jumped the most since
July 20, climbing $57.58, or 23 percent, to $311.58. The maker
of the da Vinci Surgical System for robot-assisted surgery said
fourth-quarter profit doubled on sales of new systems. Profit
was $1.24 a share, beating the average $1.02 estimate of five
analysts, according to a Bloomberg survey.
Maxim Integrated Products Inc. (MXIM US) fell the most
since October 2000, dropping $2.81, or 14 percent, to $16.85.
The chipmaker said it expects revenue of as much as $495 million
in the third quarter. That trailed the average estimate of
$557.7 million from analysts in a Bloomberg survey.
Millipore Corp. (MIL US) fell the most since January 2005,
sliding $4.17, or 5.9 percent, to $65.98. The maker of
laboratory tools for drugmakers said fourth-quarter sales were
lower than Wall Street estimates as some of its largest
customers in the U.S. began cutting back on purchases.
Motorola Inc. (MOT US) climbed the most since April 2004,
rising $1.21, or 11 percent, to $12.71. The biggest mobile-phone
maker in the U.S. said it plans to review whether to split off
its mobile-phone unit.
Omnicell Inc. (OMCL US) fell the most since October 2004,
losing $5.68, or 23 percent, to $19.40. The provider of
inventory systems to hospitals said that, excluding some items,
it earned 21 cents a share in the fourth quarter. The average
estimate from a Bloomberg survey of analysts was 27 cents.
Phase Forward Inc. (PFWD US) dropped $2.25, or 13 percent,
to $15, the lowest since May 17. The maker of software used by
drugmakers said profit excluding some items will be as much as
11 cents a share. That;s short of the 13-cent average estimate
from analysts in a Bloomberg survey.
Rio Tinto Group (RTP US) climbed the most since Nov. 8,
adding $45.72, or 11 percent, to $452. 67. The Aluminum Corp. of
China (ACH US) and Alcoa Inc. (AA US) bought a 7.2 billion pound
($14 billion) stake in Rio Tinto Group, hindering BHP Billiton
Ltd.;s (BHP US) plan to acquire the world;s third-largest mining
company.
Sealy Corp. (ZZ US) rose the most since April 2006,
climbing $1.36, or 15 percent, to $10.68. The mattress maker
reported fourth-quarter sales of $441.3 million. That beat the
$422.1 million average estimate among seven analysts surveyed by
Bloomberg.
Sierra Wireless Inc. (SWIR US) rose the most since Oct. 29,
climbing $1.22, or 8.2 percent, to $16.03. The maker of wireless
communications gear said that, excluding some items, it expects
to earn 35 cents a share in the first quarter. The average
estimate from analysts in a Bloomberg survey was 32 cents.
Yahoo! Inc. (YHOO US) jumped the most since April 1996,
rising $9.40, or 49 percent, to $28.58. Microsoft Corp. (MSFT
US), the world;s biggest software maker, made an unsolicited
offer to buy the world;s second-ranked Internet search engine
for about $44.6 billion, or $31 a share.
Microsoft fell 4.8 percent, to $31.04 for the biggest loss
in the Dow Jones Industrial Average.
To contact the reporter on this story:
Lu Wang in New York at
