gained on news the Santa Clara, Calif.-based chipmaker had entered into an agreement with
Advanced Micro Devices
, under which AMD will market and provide a specialized version of the Efficeon microprocessor in emerging markets. The AMD Efficeon microprocessor was designed by Transmeta to provide a secure hardware foundation for FlexGo,
technology that enables pay-as-you-go and subscription computing. Shares gained 18 cents, or 11.3%, to $1.77 in after-hours trading.
gained after the bell Monday when the Camarillo, Calif., chipmaker said it secured up to $54 million in new financing. Tennenbaum Capital Partners has agreed to lend Vitesse up to $24 million in the form of a four-year secured note with an option allowing for an additional $30 million. Vitesse will use the proceeds to fund new-product development, repay loans and for general corporate purposes.
Vitesse also disclosed that it received a letter from the trustee under the indenture for its convertible subordinated debentures due 2024 alleging compliance deficiencies due to Vitesse's failure to file its quarterly report for the quarter ended March 31. Vitesse was warned in the letter that if the alleged deficiencies are not corrected within 60 days, it will be found in default. Vitesse disputes the allegations. Shares gained 12 cents, or 7.1%, to $1.81 in after-hours trading.
advanced after the Waltham, Mass., supply-chain management company reported an increase in fiscal third-quarter earnings. For the quarter ended April 30, the company posted earnings of $21.7 million, or 4 cents a share, compared with $19.6 million, or 4 cents a share, a year ago. Revenue totaled $264.7 million, up 1.5% from a year ago. The company said net income primarily reflected gains from two liquidity events within its @Ventures portfolio, including a $19.4 million gain from the acquisition of WebCT, an e-learning systems provider, and a $3.2 million gain from the acquisition of Realm Business Solutions, a software developer for the commercial real estate industry. Shares gained 3 cents, or 2.3%, to $1.33 in after-hours trading Monday.
gained 6.5% after the Columbus, Ohio-based restaurant chain beat fiscal fourth-quarter earnings targets. The company made $20.5 million, or 56 cents a share, for the quarter ended April 28, up from the year-ago $5.5 million, or 16 cents a share. Excluding certain items, latest-quarter earnings were 47 cents a share. Sales rose 4% from a year ago to $397 million.
"The company made significant progress in the second half of fiscal 2006 in improving its financial performance," CEO Steve Davis said. "This progress was achieved despite continued declines in same-store sales at Bob Evans Restaurants, which remain our greatest challenge. We did boost Bob Evans Restaurant margins nicely, without compromising customer satisfaction. Using the fiscal 2006 results as a springboard, our team will work diligently to further improve our financial performance as we are certainly not satisfied with where we are today." The company said same-store sales at Bob Evans Restaurants for May fell 1.2% from a year ago. Average menu prices rose 3.1%. Shares rose $1.81, or 6.5%, to $29.65 in after-hours trade.
shares stumbled when the Sunnyvale, Calif.-based flash-memory products maker said its operating-company subsidiary, Spansion LLC, will begin a private placement of $240 million in senior subordinated debentures. Spansion LLC intends to use the proceeds primarily to repay some of the subsidiary's debt and for capital expenditures, working capital and general corporate purposes. The company said Spansion LLC expects to grant the initial purchasers of the debt an over-allotment option to purchase up to $35 million more. Shares fell 76 cents, or 4.5%, to $16 in recent trading.