( GEPT) rose Friday after the City Of Industry, Calif.-based company said its aviation division, Global AirWorks, received $4.37 million in purchase orders from Grupo Synergy of Brazil. The company, which makes and designs video surveillance systems, said the contracted products and services are for 20 F100 aircraft. In its year-ago quarter, Global Epoint posted a loss of $1.5 million, or 13 cents a share, on sales of $4.55 million. Shares of Global Epoint were up 14 cents to $4.67.
( PSRC) was up a hefty 77% after the Sunnyvale, Calif.-based software maker agreed to be acquired by Access, a Japanese software company, for about $324 million in cash. PalmSource shareholders will receive $18.50 a share, representing an 83% premium to Thursday's closing price of $10.09. The company is the developer of Palm OS operating system. Shares of PalmSource rose $7.77 to $17.86.
fell 25% after the Lake Success, N.Y.-based chemical distributor said its fourth quarter profit dropped by 15%. The company said sales were off due to reduced sales of two active pharmaceutical ingredients, increased expenses for complying with new Sarbanes-Oxley rules, and legal fees. The company reported earnings of $2.8 million, or 11 cents per share, compared with earnings of $3.3 million, or 13 cents per share, in the prior-year period. Revenue dropped 3% to $73.7 million. Shares of Aceto were down $1.84 to $5.60.
rose 5.8% following news the Atlanta-based company's stock was upgraded Friday by Morgan Keegan from perform to outperform. Global Payments, a processor of credit card and check transactions, also announced that it formed a joint venture with HSBC Holdings to expand its credit card merchant acquiring businesses in Asia. Shares of Global Payments were up $3.79 to $68.79.
rose 10% after the company laid out plans to restructure its business. The Ontario-based software company posted earnings of $5 million, or 10 cents per share, on sales of $109.4 million. Excluding items, the company would have earned $9 million, or 18 cents per share. Analysts were expecting earnings of 24 cents per share on sales of $110.3 million. A year ago, the company posted pro forma earnings of $14.5 million, or 27 cents per share, on sales of $105 million.
Open Text forecast first-quarter earnings of 4 cents to 15 cents per share on sales of $85 million to $95 million. Analysts had been expecting earnings of 13 cents per share on sales of $94.9 million. Open Text said it has begun to evaluate staff levels and consolidate facilities. The cost reductions will save the company about $30 million during fiscal 2006 and about $40 million beginning in fiscal 2007. Shares were up $1.16 to $12.70.