Thursday's Early Winners & Losers

Input/Output (IO Quote) jumped 4% in after-hours trading Wednesday after the company, which sells seismic products and services to the oil and gas industry, announced a contract with Oil and Natural Gas Corporation worth in excess of $60 million.

Texas-based I/O will deliver 14 land seismic-imaging systems to the India-based company during the second and third quarters of 2007. The deal also includes nearly 20,000 of I/O's VectorSais full-wave sensors. I/O Chief Executive Bob Peebler says this is the "largest single sale of land-acquisition systems" in the history of the company and, "as far as we know ... in the history of the industry." He added that with this contract, I/O now supplies "roughly 80% of full-wave imaging technology used in land acquisition worldwide." Shares were up 49 cents to $12.60 in recent after-hours trading.

Syntax-Brillian (BRLC Quote) shares rose after the high-definition TV maker announced it will extend through 2007 its existing agreement with South Korea's LG.Phillips LCD(LPL Quote), which makes liquid-crystal displays.

The companies estimate that LG will supply to Syntax about 700,000 panels, largely for the manufacture of Syntax's Olevia LCD TVs. The companies say that the contract extension was spurred by persistent demand for the Olevia product, sales of which more than tripled in 2006. The two companies will additionally partner on future research and development in a new China-based office, which they expect to be fully operational in early 2007. Syntax shares were gaining 25 cents, or 2.7%, to $9.55. LG shares were essentially unaffected.