On the upside
Switch & Data Facilities (Nasdaq: SDXC) will be acquired by Equinix (Nasdaq: EQIX) in a cash and stock deal valued at approximately $698 million.
F5 Networks (Nasdaq: FFIV) impressed with higher fourth quarter earnings that topped estimates prompting upgrades.
Korea National Oil Corp. will pay approximately $3.9 million for Harvest Energy Trust (NYSE: HTE). Analysts promptly upgraded Harvest Energy.
On the downside
Westell Technologies (Nasdaq: WSTL) reversed year ago losses to post a profit for the second quarter but the company warned of softness for the rest of the year.
Affymetrix (Nasdaq: AFFX) narrowed losses for the third quarter but the results fell short of estimates.
NCR (NYSE: NCR) disappointed with lower than expected third quarter earnings, cut its guidance for the year and announced job cuts.
In the broad market, declining issues outpaced advancers by a margin of 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 604.
