Thursday, September 20, 2012

Early Hour Movers (AONE, SWKS, UPIP, CIM, ASTI)

A123 Systems, Inc.(NASDAQ:AONE) shares climbed 4.30% to $0.333. On Monday before the opening bell, the Nasdaq said A123 would be removed from the Nasdaq Clean Edge Green Energy Index.
The company received notice from the Nasdaq last month that its stock price is too low for exchange standards and will be delisted if it does not recover to $1 in the next six months. The company said in a securities filing that it has until February 19 to increase its share price back to $1, which it breached more than a month ago.

Has AONE Found The Bottom and Ready To Move Up? Find Out Here

Skyworks Solutions Inc(NASDAQ:SWKS) shares declined 7.48% to $27.27 in the morning hour after the company revised its financial outlook for the fourth quarter of fiscal 2012. The company currently anticipates fourth quarter revenue of $420 million, on the high end of its previous guidance range of $415 to $420 million. The company also expects to deliver non-GAAP earnings per share of $0.52 versus guidance of $0.50 to $0.51. Analysts expect the company to earn $0.51 per share on revenues of $419.78 million for the quarter.

Unwired Planet Inc(NASDAQ:UPIP) stock increased 5.31% to $1.95 after the company accused Apple Inc. (AAPL) and Google Inc. (GOOG) of infringing a combined 20 of the company's patents, including those related to mobile devices such as popular smartphones and tablet computers. The claims are the latest in a flurry of legal battles over technologies related to fast-growing technology markets such as those for smartphones and tablet computers.

Chimera Investment Corporation(NYSE:CIM) shares climbed 3.37% to $2.76 after the company announced that it declared the third quarter 2012 common stock cash dividend of $0.09 per common share. This dividend is payable October 29, 2012, to common shareholders of record on October 1, 2012. The ex-dividend date is September 27, 2012.

How Should Investors Trade CIM Now? Find Out Here

Ascent Solar Technologies, Inc.(NASDAQ:ASTI) stock dropped 26.73% to $1.23 after the company announced its intention, subject to market and other conditions, to commence a public offering of its common stock. Ascent intends to use the net proceeds from the offering for general corporate purposes, including working capital, operations and other general corporate purposes. Aegis Capital Corp. is acting as the sole book-running manager for the offering.

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