Tuesday's Winners & Losers: Qimonda

Memory chip maker Qimonda(QI) was up 67 cents, or 18.5%, to $4.30 following news that LDK Solar(LDK) has signed a five-year contract to supply multicrystalline solar wafers to Qimonda. Qimonda said Monday it has partnered with German company Centrosolar to enter the market for solar cells.

Advanced Micro Devices(AMD) gained 60 cents, or 9.2%, to $7.13 on speculation that the company will soon reveal its strategy to restructure its manufacturing efforts in a bid to lower costs.

Human Genome Sciences (HGSI) fell 8% to $6.10 Tuesday after releasing its quarterly results after Monday's market close. The company narrowed its loss to $46.9 million, or 35 cents a share, from 38 cents a share in the 2007 quarter, and reported a 33% rise in revenue to $12.3 million. However, Wall Street analysts expected a narrower loss of 19 cents a share on revenue of $14.9 million.

Faring better, McKesson (MCK) said Monday post close that its fourth-quarter profit also beat Wall Street estimates, rising to $307 million, or $1.05 a share, up from $257 million, or 85 cents a share, in the year-ago period. Revenue increased 9% to $26.23 billion, close to its part of the Thomson Financial consensus target of $1 a share on revenue of $26.83 billion.

The company, which serves the healthcare industry, said it expects to earn between $3.75 and $3.90 a share for the year, while analysts had estimated $3.78 a share, on average. Shares were up 7.8% at $58.29 Tuesday.

Idearc (IAR), which makes phone books, saw shares rise 46% to $4.86. The Dallas-based company reported first-quarter pro forma income of $116 million, or 79 cents a share, vs. $119 million, or 82 cents a share, a year ago. Analysts polled by Thomson Financial were expecting EPS of 63 cents. Shares of Cary, N.C.-based fellow phone-book maker R.H. Donnelley (RHD) also rallied, climbing 29% to $6.29.

New York staffing and management services provider Hudson Highland (HHGP) rocketed up 16.5% to $10.46. The company posted net income of $1.4 million, or 5 cents a share, up from $100,000, or zero cents a share, a year ago. Analysts had forecast a loss of 5 cents a share. It guided for second-quarter 2008 revenue between $300 million and $315 million, ahead of the consensus estimate of $289.3 million.

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