Superconductor Technologies (SCON Quote) was among the biggest after-hours price-gainers Monday, on word of a new collaboration.
Shares of the communications equipment maker vaulted 19.4%, after it inked a term sheet to form a joint venture by year-end with Hunchun BaoLi Communication. The relationship would focus on getting Superconductor's SuperLink interference-elimination product into the Chinese market, with Superconductor slated to receive unspecified royalties and to hold a 45% stake in the proposed combination. Shares of the Santa Barbara, Calif.-based company added $1.14 to $7.03.
Elsewhere in tech, discount travel Web site Expedia (EXPE Quote) jumped 6.1% to $32 on word the Bellevue, Wash.-based company will be added to the S&P 500 after the market's close on Oct. 1. ...
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