were among technology's winners Monday, surging 48% after the company released software that enables consumers to record television shows for playback on portable video players.
Hauppauge's PC-based "Wing" software can be used with players such as
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video iPod and
(SNE - Get Report)
PlayStation Portable. Wing can also be used to convert existing TV recordings to the PSP and iPod format. Besides the video players, recorded TV shows also can be played on a PC or TV set. Hauppauge's shares jumped $1.92 to $5.92.
, which sells information technology to hotels and travel agents, agreed to be taken private by a group led by Prides Capital Partners for about $275 million. The takeover, which was approved by a special committee of Pegasus' board but still requires shareholder approval, will pay existing holders $9.50 a share in cash. The price represents a 15% premium to Friday's close of $8.26 a share, but is almost $2 below Pegasus' share price when the company announced it was studying strategic alternatives in April. The stock surged 96 cents, or 11.6%, to $9.22 in recent trading.
(OIIM - Get Report)
tumbled 13% after the company slashed its fourth-quarter revenue projection, citing reduced ordering of liquid crystal display monitors. The company, a maker of chips for power-management and security components, expects revenue to rise 2% to 3% from the third quarter, when the top line totaled $28 million. The new forecast suggests revenue of $28.6 million to $28.8 million. The company's previous forecast, given in a November conference call, predicted sequential revenue growth of 10% to 12%. Analysts polled by Thomson First Call have an average estimate for revenue of $30 million. O2Micro shares were down $1.25 to $8.75.
(GIGM - Get Report)
surged after agreeing to buy Asian online casino-game company FunTown for $45 million. According to GigaMedia, FunTown has four million registered users and operates the largest site in terms of revenue for the game "Mahjong." GigaMedia, which makes software for online entertainment and gaming, expects the deal to be "strongly" accretive to earnings and add significantly to revenue beginning in the first quarter. GigaMedia anticipates 20% to 30% growth in FunTown's business in 2006. Shares of GigaMedia were up 36 cents, or 14%, to $2.90.
Other technology stocks trading heavily Monday included
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, down 22 cents, or 1.7%, to $12.47;
, down 15 cents, or 0.6%, to $26.75;
(CSCO - Get Report)
, up 9 cents, or 0.5%, to $17.61;
Sirius Satellite Radio
, down 6 cents, or 0.9%, to $6.89;
, down 9 cents, or 0.3%, to $26.29;
, down 2 cents, or 0.8%, to $2.60;
, down 6 cents, or 1.3%, to $4.37;
, down 32 cents, or 1.9%, to $16.78;
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, up 66 cents, or 0.9%, to $71.77;
, down 16 cents, or 0.5%, to $32.39;
, up $2.20, or 3.8%, to $60.24; and
, up 4 cents, or 0.1%, to $28.96.
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