Friday's Small-Cap Winners & Losers

Updated from 1:45 p.m. EST with new stock prices

Gravity took hold of small-cap stocks this leap day as the broader market tumbled. The Russell 2000 slipped 2.7% to 686.49 and the S&P SmallCap 600 lost 2.8% to 363.88.

Fremont General (FMT) shares were in free fall, losing 57.6% at $1.00. The Brea, Calif.-based financial services holding company announced it was exploring the idea of selling itself as it faces asset writedowns.

R.H. Donnelly (RHD) reprised yesterday's appearance on "Small-Cap Winners & Losers" after Deutsche Securities and Bear Stearns both downgraded the Cary, N.C., maker of phone books and online directories to sell from hold and peer perform from outperform, respectively. On Thursday, the stock had tumbled on disappointing earnings and a cautious 2008 forecast. Today, shares gave up 24.1% to $7.09.

Fellow publisher Idearc (IAR), a Dallas, Texas firm that also makes phone books, went down as well, losing 16.7% to $4.80. The company has also shown turmoil recently; it announced on Wednesday that CEO John Mueller resigned effective immediately.

Citadel Broadcasting (CDL) also skidded. Shares traded down 19.9% to $1.09 after the Las Vegas radio company widened its fourth-quarter loss to $848 million, from $1.1 million in the year-ago quarter. Adjusted earnings per share of 5 cents missed analysts' prediction of 7 cents, per Thomson Financial.

Omnivision (OVTI), one of the winners on the down day, jumped 13.4% to $15.86 on Thursday's postclose third-quarter fiscal 2008 earnings report. The Sunnyvale, Calif., maker of semiconductor image sensor devices announced non-GAAP income of $31.1 million, or 55 cents a share, compared with $11.1 million, or 20 cents a share, a year ago. Analysts were expecting EPS of 46 cents.

Sapient (SAPE) shares rose 18.3% to $7.38 on fourth-quarter earnings. The Cambridge, Mass.-based provider of business, marketing and technology consulting services last night reported income of $10.4 million, or 7 cents a share, vs. $500,000, or a penny a share, in 2006. The Street was looking for a profit of 5 cents a share.

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