Earlier at 7:30 a.m. EST
shares are set to rally more than 25% Tuesday after the company late Monday said it has renewed its OEM distribution agreement with
. Bsquare sells Microsoft's software products for embedded systems to OEMs in North America, and the new agreement is effective for a six-month period ending on June 30. The 50-day average daily volume for Bsquare is 23,700 shares, according to the
should open 10% higher after the Chinese IT solutions company late Monday said it has established the E-Banking ASP joint venture with Japanese IT solutions company
. While the joint venture expands the scope of the E-Banking ASP, Yucheng said the forecasted increase in clients and significant capital investments necessary to support the platform will result in a 2012 breakeven earnings target. The 50-day average daily volume for Yucheng is 115,800 shares.
should open higher Tuesday by 9.5% after the company's stock was added to Goldman Sach's conviction buy list. Goldman cited expectations for upward earnings revisions, adding that the stock is the lowest relative valuation under its coverage. "Tenet is the only hospital company for which we see the potential for further margin expansion in 2010, starting from a lower baseline than the group," Goldman analysts said. The three-month average daily volume for Tenet is 7.93 million shares, according to Yahoo! Finance.
will likely trade lower Tuesday after the company said it received a commitment from Seaside 88, a private investment fund, to purchase up to 1.95 million shares over the next 12 months. The initial sale of 75,000 shares closed Monday, priced at $1.6025 a share. Seaside will continue to purchase 75,000 shares every two weeks for up to 26 purchases. TranSwitch shares finished Monday's session at $1.99. The 50-day average daily volume for is 53,200 shares.
shares are expected to fall sharply after the wireless device company late Monday offered weak guidance for the fourth quarter, saying it expects a profit of 13 cents to 18 cents a share. That is below the Thomson Reuters average estimate of 19 cents a share. Brightpoint also estimated that wireless devices handled will total between 22 million and 24 million units for the fourth quarter and about 81 million to 83 million for the full year, which would be down roughly 5% from 2008's levels. The 50-day average daily volume for is 679,000.
-- Written by Robert Holmes in Boston
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