Shares of SBS Technologies ( SBSE) were among technology's winners Monday, soaring 50% after the computer-parts maker agreed to be acquired by a General Electric ( GE) venture for about $215 million, or $16.50 a share, in cash. The buyout price represents a 55% premium to Friday's closing price of $10.64. "SBS Technologies is more than an acquisition for GE Fanuc Embedded Systems, it is a great strategic fit," said GE Fanuc, a venture between GE and Japan's Fanuc Ltd., in a statement. "The combination of the two companies will provide depth and breadth in crucial product areas primed for growth." The deal is expected to close during the third quarter. SBS shares were trading up $5.40 to $16.04. VeriSign ( VRSN) rose modestly after the company agreed to acquire privately held m-Qube for $250 million. "VeriSign is combining its world-class expertise, applications and infrastructure to make content convergence over any network and any device a reality," VeriSign said. "m-Qube will increase our leadership and expand our services in this emerging category." The m-Qube acquisition marks the third such transaction during the past month for VeriSign. Last month, the company acquired 3united, a wireless-applications service provider; earlier this month it bought Kontiki, a provider of managed peer-delivery systems. The m-Qube acquisition, which is expected to be neutral to VeriSign's earnings for the rest of 2006, is expected to close during the second quarter. Shares of VeriSign were recently trading up 27 cents to $23.49. Shares of Vyyo ( VYYO) traded actively after the company posted fourth-quarter results and announced a new financing agreement. The company reported a fourth-quarter loss of $14.8 million, or 96 cents a share, on sales of $286,000. The results included a charge of $11.8 million and a one-time gain of $2.5 million. For the year-earlier period, the company recorded a loss of $8.5 million, or 57 cents a share, on sales of $570,000.
Separately, Vyyo said it signed a deal with Goldman Sachs for $25 million in financing. The company said the financing involved both equity and long-term debt. "Its financial involvement combined with its counsel and expertise will help Vyyo achieve its strategic objectives in 2006 and beyond," the company said. Shares were trading down 49 cents to $7.81. Micronetics ( NOIZ) jumped 12% after the maker of microwave and radio-frequency components received an order worth more than $1 million. As part of the deal, the company will deliver microwave subsystems to a "leading antenna maker," which Micronetics did not identify. Micronetics expects to start delivering equipment to the company during its fiscal first quarter, which ends Sept. 30, with a completion date that will end during the early part of its second quarter. "This order's timing, quantity and delivery requirements are signs of a maturing marketplace and indicate to us future growth opportunities," Micronetics said. Shares were trading up $2.13 to $20.24. LightPath Technologies ( LPTH) fell 8% after the maker of optical products sold 730,000 shares of stock for $5.25 apiece, raising about $3.8 million in proceeds. The sale price represents an 11% discount to Friday's closing price of $5.93. "Our objective in this capital raise was to provide sufficient capital resources for potential new products and projects; to further reduce our costs; and provide the necessary working capital requirements to accomplish our growth objectives," the company said. Shares were trading down 48 cents to $5.45. Shares of eOn Communications ( EONC) continued to climb Monday. Shares jumped 19% Friday after the maker of communications systems swung to a second-quarter profit. Earnings from continuing operations climbed to $180,000, or a penny a share, from a loss of $528,000, or 4 cents a share, during the year-earlier quarter. Shares recently were trading up 27 cents, or 11%, to $2.71.
Other technology movers included Sirius Satellite Radio ( SIRI), up 31 cents to $5.20; Oracle ( ORCL), up 19 cents to $13.79; Microsoft ( MSFT), up 44 cents to $27.94; JDSU ( JDSU), down 6 cents to $3.99; Intel ( INTC), unchanged at $19.54; Sun Microsystems ( SUNW), down 5 cents to $4.70; and Cisco Systems ( CSCO), down 7 cents to $21.55.