On the upside
Craig-Hallum Capital initiated coverage of LTX-Credence (Nasdaq: LTXC) with a Buy rating.
McMoRan (NYSE: MMR) narrowed fourth quarter losses as revenue rose.
Helicos BioSciences (Nasdaq: HLCS) sold one of their Helicos Genetic Analysis Systems that sequences a single molecule to the Turku Centre for Biotechnology in Finland.
On the downside
Kaufman Bros. cited sluggish growth for downgrading Paetec Holding (Nasdaq: PAET).
Research in Motion (Nasdaq: RIMM) introduced its BlackBerry Presenter which allows PowerPoint presentations to be run from a BlackBerry but the stock price dropped.
Cadbury agreed to be acquired by Kraft Foods (NYSE: KFT) in a cash and stock deal valued at approximately $19.6 billion.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 11 points to 649.
