Disappointing earnings sent the markets tumbling with the Dow plunging 101 points to 11,255. Nasdaq tumbled 29 points to 2548.
On the upside
TKH Group will pay $2.45 per share in cash to acquire Optelecom-NKF (Nasdaq: OPTC).
Flotek Industries (NYSE: FTK) narrowed third quarter losses as revenue soared.
Approach Resources (Nasdaq: AREX) increased its public offering to 5.75 million common shares priced at $16.25 per share.
On the downside
Ascent Solar Technologies (Nasdaq: ASTI) priced its offering of 5.25 million common shares at the discounted price of $4.15 per share.
Micromet (Nasdaq: MITI) announced a discounted price of $7.30 per share for its offering of 9.9 million common shares.
Ikanos Communications (Nasdaq: IKAN) priced its offering of approximately 11.1 million common shares at $1.05 per share.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 731.
