ActivIdentity Corporation (NASDAQ: ACTI) is soaring this morning after receiving a $162 million buyout offer from Assa Abloy.  Shares are up about 42.4% at $3.22 on more than 1 million shares.

Allied Irish Banks plc (NYSE: AIB) is becoming an all-too-regular character in this cast, but a movers report just about always has large moves each morning now… usually to the downside.  Shares are down 4.75% at $1.20 on over 20,000 shares.

CIENA Corporation (NASDAQ: CIEN) is trading lower after it reaffirmed guidance because it is offering $175 million in notes.  Shares are down almost 3% at $15.13 on more than 100,000 shares.

Corinthian Colleges, Inc. (NASDAQ: COCO) is lower after its President/COO resigned and no replacement was named.  Industry pressure got too much perhaps.  Shares are down 5% at $6.00 on more than 50,000 shares.

Geron Corporation (NASDAQ: GERN) is seeing continued interest after yesterday’s news of an enrollment in a stem cells study.  Shares are up 4.7% at $5.94 on almost 50,000 shares.

Interactive Intelligence (NASDAQ: ININ) was halted but the company changed its guidance:  expects to report revenues of $41 to $42 million and non-GAAP EPS of $0.35 to $0.39 and it expects 20% annual revenue growth.  Thomson Reuters has estimates of $0.23 EPS and $37.88 million.

King Pharmaceuticals Inc. (NYSE: KG) is soaring after Pfizer announced a $3.6 billion acquisition of the company for a price of $14.25 per share.  Shares are up 39% at $14.14 on more than 38 million shares.

MedQuist, Inc. (NASDAQ: MEDQ) is trading lower after a record date for its special dividend.  Shares are down 13% at $10.00 on low volume.

Synaptics Incorporated (NASDAQ: SYNA) is lower after its CEO left the company and on lower guidance.  Shares are trading lower by 6.5% at $24.14 on over 50,000 shares.

TriQuint Semiconductor, Inc. (NASDAQ: TQNT) is trading up after offering guidance this morning, a day after a downgrade on valuation concerns.  Shares are trading up 3.4% at $9.40 on more than 200,000 shares.

Tongxin International Ltd. (NASDAQ: TXIC) is trading lower after NASDAQ rejected the company’s plan and its request for continued listing on the NASDAQ Stock Market.  Shares are down almost 15% at $3.15 on about 15,000 shares.

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JON C. OGG

• ActivIdentity (NASDAQ: ACTI) Started as Buy at Stanford Group.
• BCE (NYSE:BCE) Raised to Buy at UBS.
• Kansas City Southern (NYSE:KSU) Raised to Buy at UBS.
• Mylan (NYSE:MYL) Started as Overweight at JPMorgan.
• Teva (NASDAQ: TEVA) Started as Overweight at JPMorgan.
• American Express (NYSE:AXP) Started as Reduce at SunTrust Robinson Humphrey.
• Apple (NASDAQ: AAPL) Cut to Perform at Oppenheimer.
• Gibralter (NASDAQ: ROCK) Cut to Sell at Piper Jaffray.
• Synovus Financial (NYSE:SNV) Cut to Neutral at JPMorgan.
• Turkcell (NYSE:TKC) Cut to Neutral at JPMorgan.

Jon C. Ogg
December 17, 2008