The small-cap slump continued Thursday as the sector traded beneath the rest of the sliding market amid dropping names like
WCI shares took a nosedive after the Florida-based homebuilder, which has explored selling itself and rejected a $22-a-share bid from financier Carl Icahn, announced it hasn't yet found another suitor. WCI said initial interest from several companies has waned in the wake of the beleaguered homebuilding and debt markets. Shares tumbled $2.42, or 21.4%, to $8.90.
That helped to pressure the plunging Russell 2000 Index, which was down 23.01 points, or 2.8%, to 789.49. The S&P SmallCap 600, meanwhile, lost 2.6% to 415.94.
, of Littleton, Colo., slid 25.8% to $12.89 after halting its nascent relationship with
, with which it had struck a memorandum of understanding in March for jointly developing emissions-control products. ADA-ES said they "were unable to come to an agreement that reflected the business approaches of the two companies." Calgon Carbon shares were down 2% to $11.65.
Meanwhile, application-software firm
, of Bozeman, Mont., predicted a bigger non-GAAP loss of 45 cents to 50 cents and shaved its full-year revenue guidance down to $108 million to $110 million. Income should miss Thomson Financial's consensus by at least 9 cents a share; prior guidance had called for a loss of 31 cents to 39 cents a share on sales of $116 million to $120 million. Shares were off 15.1% to $13.62.
made $8 million, or 20 cents a share, in the second quarter -- 2 cents less than last year and a penny under estimates. Revenue also saw a slight decline from last year to $110.9 million, under the average $116.6 million target. Shares of the Irvine, Calif., company, which makes lasers and other technology products, sank 14.4% to $13.16.
On the markedly thin upside today were a number of tech stocks, including China's
. Shares of the online-game developer soared 30.3% to $20.85 after its initial public offering of 11.8 million American depositary shares at $16 apiece.
Vasco Data Security International
was also higher after the Oakbrook Terrace, Ill., security-software firm
more than doubled its income to $6.9 million, or 18 cents a share, vs. 8 cents a share last year. Revenue rocketed some 75% to $32.4 million, atop the $30.3 million views. And
, which makes content-management software, came in far ahead Wall Street expectations for adjusted second-quarter earnings.
Vasco shares climbed $3.12, or 13.3%, to $26.61. Vignette gained 8.3% to $20.48.