Friday's Small-Cap Winners & Losers
Premiere Global Services (PGI) was higher after shareholder Crescendo Partners II, which owns about 4% of its stock, said it would nominate two directors for Premiere's board. Crescendo also said it wants Premiere to explore strategic alternatives to maximize stockholder value. Shares were up 8.3% to $8.83.
HandHeld Entertainment (ZVUE) rose 8.8% to $6.30 after it acquired FunMansion.com for $1.1 million.
CPI Aerostructures (CVU) rose after saying Harvey Bazaar has joined its board of directors. CPI also announced the retirement of its founder and chairman emeritus, Arthur August, effective Dec. 31. Shares of CPI gained 4% to $6.85.
Shares of SCO Group (SCOX) sank a day after the company received an unfavorable court decision. According to the Associated Press, a U.S. District Court judge upheld a magistrate's decision to dismiss 187 of SCO's 294 claims in a lawsuit against IBM (IBM). Shares of SCO dropped 38% to $1.24.AHPC Holdings (GLOV) slid on word that it received a letter from the Nasdaq indicating the company isn't in compliance with the requirements for continued listing. The letter said the company's shareholders equity amount is below the minimum requirement of $2.5 million. AHPC is considering its options. Shares were down 19.8% at 85 cents.
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