Friday's Early Winners & Losers

Updated from 7:09 a.m. EDT

Vornado Realty Trust (VNO Quote) agreed to purchase up to 44 previously closed Toys "R" Us stores for as much as $190 million. The properties have 1.8 million square feet and are primarily located in eight East Coast states, Texas and California. All were part of the store closing program Toys "R" Us announced in January. Vornado owns a 32.9% interest in Toys "R" Us.

CA (CA Quote) said the U.S. Attorney's Office for the Eastern District of New York has extended the term of the company's independent examiner to May 1, 2007, unless it decides to end the term earlier. The examiner was assigned as part of a deferred prosecution agreement, and its term was scheduled to expire Sept. 16.

Altera (ALTR Quote) said a Nasdaq listing-qualifications panel has granted the company's request for an extension to complete and file its required periodic reports. Altera's securities will continue to be listed on the Nasdaq Global Market, subject to the filing on or before Oct. 26.

KLA-Tencor (KLAC Quote) said the special committee appointed by its board is continuing its internal investigation of the company's past options grants. KLA won't file its annual report until the probe is complete, and as a result, it received a notice indicating that it isn't in compliance with the requirements for a continued Nasdaq listing. The notice, which KLA expected, is standard procedure, and the company will appeal the determination and request a hearing before a listing-qualifications panel.

MicroStrategy (MSTR Quote) said it won an appellate court decision affirming the dismissal of the sole remaining claim in a lawsuit brought by Business Objects (BOBJ Quote). The lawsuit alleged that MicroStrategy infringed a Business Objects patent.

Diedrich Coffee (DDRX Quote) plans to close its Diedrich Coffee and Coffee People company-owned locations but retain the brands for its wholesale and franchise operations. As part of its plan, the company agreed to sell most of its company-owned locations to Starbucks (SBUX Quote) for around $13.5 million.

California Micro Devices (CAMD Quote) jumped 15.6% to $5.12 after raising its guidance, Adobe (ADBE Quote) gained 8.4%, to $36.49 after reaffirming its forecast and Harmonic (HLIT Quote) rose 9.2%, to $7.74 following an upgrade of its shares.