Tech stocks figured prominently among small-cap movers Thursday as several names served up announcements of new deals.
Mobius Management Systems
soared nearly 32% to $9.79 after agreeing to sell itself to Allen Systems. The $10.05-a-share cash offer represents a 35% premium over the stock's closing price Wednesday. Shares of
leapt 13.3% to $3.71 after the company inked a service-optimization deal with a "leading document management company."
, meanwhile, announced that the gigahertz frequencies in which its WiFiber products operate are being opened for commercial use in the United Arab Emirates and Australia. The Virginia-based company has already sold a WiFiber link to its Australian distributor and expects to further deploy its technology in those areas. Shares were up 53 cents, or 17%, to $3.65.
Among other small-caps moving higher,
added 13% to $8.41 after the mail-order company said its fiscal third-quarter sales should rise 6.5% to around $63 million, just about meeting Street expectations, as per Thomson Financial.
posted 32-cent per-share earnings from continuing operations, beating targets by 4 cents. The glass-products maker climbed 6.8% to $23.04.
, however, sank after the electronics distributor posted fiscal third-quarter revenue of $160.1 million, which was $5.2 million below two analysts' projections. Shares were sinking 81 cents, or 8.5%, to $8.77.
plummeted 25.9% to $3.98 after swinging to a dime-a-share loss in the fiscal second quarter vs. last year's penny-a-share gain. Boat dealer
tumbled 14.4% to $19.65 after drastically cutting its fiscal 2007 earnings forecast to a range of 45 cents to 65 cents a share -- at least 79 cents below estimates.
, maker of chemicals for the marine, automotive and aircraft markets, said it expects to take in 7.7% lower first-quarter gross sales than it did last year. Its shares were plunging 60 cents, or 22.7%, to $2.04.
American Oil & Gas
( AEZ) offered about 6 million shares under its existing shelf registration for net proceeds of around $27 million. The Denver-based company was down 64 cents, or 11.9%, to $4.73.
The Russell 2000 was recently up 0.6% to 812.89; the S&P SmallCap 600 was adding 0.4% to 417.84 .