Early Stocks in Motion

Wind River Systems(WIND Quote) dropped after posting soft third-quarter guidance. The company said it earned $5.7 million, or 6 cents a share, for the second quarter ended July 31, compared with $3.3 million, or 4 cents a share, a year ago. Revenue for the quarter increased 12% to $66.7 million. Excluding items, the company earned $6.3 million, or 7 cents a share. Analysts polled by Thomson First Call expected a profit of 6 cents a share on revenue of $64.9 million. For the third quarter, Wind River expects non-GAAP earnings of 6 cents to 7 cents a share on revenue of $66 million to $67 million, compared with Wall Street's forecast of 9 cents a share on revenue of $69 million. The stock was down 88 cents, or 5.59%, to $14.85.

Openwave Systems (OPWV Quote) signed a three-year managed services deal with South African mobile operator Vodacom. Under the agreement, Openwave will manage and maintain the Openwave Mobile Access Gateway, Multimedia Messaging Services Center, and Location Based Services platform in the Vodacom network. Terms were not disclosed. The stock was up 7 cents to $17.52.

BioMarin Pharmaceuticals(BMRN Quote) announced that Jeffrey Cooper has been promoted to chief financial officer, effective immediately. He will replace Louis Drapeau, who will retire at the end of October. The stock was unchanged at $8.04.

Intel(INTC Quote) and Cisco(CSCO Quote) will expand their alliance to deliver new capabilities that enhance the reliability of wireless local area networks, and allow enterprises to use computers and the network as a combined defense against security threats. The new set of features produced jointly by the companies is called Business Class Wireless. Customers can expect Cisco NAC and Intel AMT to be compatible in the fourth quarter. Intel was up 4 cents to $25.76, while Cisco was unchanged at $17.75.

Applebee's International (APPB Quote) said that same-store sales rose 1.3% for the four-week period ended Aug. 21, while same-store sales for franchise restaurants rose 2.2%. Comparable same-store sales for company restaurants declined by 1.5%, with guest traffic deceasing 4% to 4.5% combined with a higher average check. The company cites continued weakness in its Midwest and New England markets. The company said based on the current consumer environment, it now expects same-store sales for the remainder of the year to be in the range of down 3% to up 1% for company restaurants and from flat to up 3% for franchise restaurants. For the year, Applebee's expects to earn $1.33 to $1.40 a share and expects to earn 32 cents to 35 cents for the third quarter. The stock was down $1.34, or 5.59%, to $22.70 in after-hours trading.