Pre-market: Oracle buys Agile Software
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. Analyst estimates were not available. Shares have gained $2.43, or 43%, to $8.05.
Chinese mobile handsets manufacturer Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) doubled its quarterly net income, it said this morning. The net income for the first three months of 2007 was $13.6 million, a rise of 117% compared with a net income of $6.3 million a year earlier. That translates to earnings of $0.34 per share. Analyst estimates were unavailable. The stock is flat at $10.63.
Shares of Milwaukee, Wis.-based Merge Technologies Inc. (Nasdaq: MRGE), which develops medical imaging and information management software, are gaining on news this morning that the company has received an order for speech recognition technology from Belgium. Shares are up $0.55, or 9%, to $6.84.
VIVUS, Inc. (Nasdaq: VVUS) has closed the previously announced transaction with K-V Pharmaceutical Company (NYSE: KV.A) for the grant of a sublicense of exclusive rights and sale of assets related to EvaMist™, an investigational metered dose transdermal estradiol spray for the treatment of menopause symptoms, the Mountain View, Calif.-based pharmaceutical company said this morning. VIVUS has received a cash payment of $10 million. Shares are down $0.19, or 4%, to $5.18.
Taiwanese semiconductor testing and assembly company ChipMOS TECHNOLOGIES Ltd. (Nasdaq: IMOS) reported this morning that its revenue for the month of April was $58.9 million, a decrease of 0.3% from the month of March 2007 and an increase of 23.7% from the same period in 2006. Shares are have lost $0.22, or 4%, to $6.04.
