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NaviSite (NAVI Quote), a provider of IT hosting and outsourcing services, saw its shares jump 35% after the company said it had signed new contracts with several companies, including Telstra, Coverpoint, Parks Hotel Management, Global Marine and United Utilities.
The company also renewed an agreement with XcapeWithUs. Shares of NaviSite were up 76 cents at $2.92.
Wavecom (WVCM Quote) surged 16% after the French telecommunications company said it would acquire certain assets of Sony Ericsson's M2M Communications unit in a cash transaction valued at up to $39.6 million. Shares of Wavecom gained $1.86 to $13.22. ...
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