Pre-market: webMethods up on news of buyout
Shares of webMethods, Inc. (Nasdaq: WEBM) are up sharply on news the software provider is being purchased by German company Software AG. Fairfax, Va.-based webMethods will be bought for $546 million in cash, according to news reports this morning. The stock gained $1.82, or, 25%, to $9.10.
Film manufacturer and distributor Fuwei Films (Holdings) Co., Ltd (Nasdaq: FFHL) rose after the Chinese company reported an increase in annual revenue this morning. Revenue for the full year 2006 was $55.9 million, a 26.2% increase over revenue of $44.3 million in 2005. Shares gained $1.61, or 16.40%, to $11.40.
Shares of Milpitas, Calif.-based Rackable Systems Inc. (Nasdaq: RACK) are down after the date storage company said after Wednesday’s close that it expects gross margins 30% below previous expectations. Total revenue for the first quarter of 2007 is expected to be in the previous range of $70 – 75 million. Shares are down $2.39, or 14.20%, to $14.49.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) is up slightly on news Wednesday evening the public offering price for 5.75 millon shares of common stock is $15.50 per share. The offering will result in gross proceeds of $89.1 million. Shares gained $0.45, or 2.90%, to $16.05.
Shares of industrial services company Matrix Service Company (Nasdaq: MTRX) are up on news this morning the Tulsa, Okla.-based company raised its 2007 revenue outlook. Matrix expects revenue in the range of $630 million to $640 million, up from a January forecast of $560 million and $580 million. The stock gained $2.08, or 9.70%, to $23.49.
New York-based direct marketing and retail company dELiA’s, Inc. (Nasdaq: DLIA) is up on news this morning of strong results for the fourth-quarter ended February 3, 2007. Total revenue was $89.4 million, a 14% increase compared with $78.4 million a year earlier. Analyst estimates were unavailable. Shares moved up $0.26, or 2.40%, to $11.00.
