Friday's Small-Cap Winners & Losers
AsiaInfo (ASIA) jumped 9% after the Chinese telecom-software company struck a deal with China Unicom (CHU) to jointly develop its CDMA push mail platform for use in China. Terms weren't disclosed. AsiaInfo was adding 73 cents to $8.48. China Unicom was up 23 cents, or 1.8%, to $13.03.
Security With Advanced Technology (SWAT) gained on news that the Orlando, Fla., company is launching a division focusing on products and services for elite tactical training. The division, Veritas Tactical, has an "ongoing engagement" with the U.S. Marines, the company said. Shares were rising 38 cents, or 7.6%, to $5.40.
Pacific Internet (PCNTF) rose after an investor group said it will offer to buy the Web service provider outright. The group currently owns about 29.9% of the Singapore-based company. Shares were climbing 89 cents, or 9.8%, to $10.
Jewett-Cameron Trading (JCTCF) tumbled after the lumber company halved its fiscal first-quarter profits. In the period ended Nov. 30, the North Plains, Ore., company earned $288,000, or 18 cents a share, compared with $550,000, or 36 cents a share, a year ago. Revenue slid 15% to $15.5 million. Shares were losing $3.13, or 24%, to $10.07.
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