BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is trading up after announcing positive results of an evaluation of its 2A/Furin technology by Novartis Pharma AG.  Shares were up 5% earlier but shares are up 1.5% at $1.98 on 30,000 shares.

China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) is soaring on thin volume after earnings. Revenue was $60.9 million, up 1.8% from Q4-2009 and up 25.1% from the same period of last year.  Shares are up 15% at $2.61 on about 5,000 shares.

Geron Corporation (NASDAQ: GERN) is trading higher this morning on an analyst upgrade and on news that it appointed Hoyoung Huh and Robert Spiegel to its Board of Directors.  While not a lot has been seen in share volumes, the stock is up only about 1% at $5.34 on fairly thin volume.  The 52-week trading range is $4.85 to $9.24 and the average trading volume is roughly 1.1 million shares.

Hauppauge Digital, Inc. (NASDAQ: HAUP) is down again in the pre-market trading after briefly becoming the fad cult stock with exponential gains last week.  Shares were down over 3% at $3.00 on last look.

Netease.com Inc. (NASDAQ: NTES) is trading down almost in the double-digits after the company earned $0.51 EPS, under Thomson Reuters estimate of $0.61.  Revenues were also under plan at $175.1 million also missed expectations for $185.9 million.

Randgold Resources Limited (NASDAQ: GOLD) is trading lower this morning with the soft gold market.  Shares are down 5.25% at $79.54 on almost 100,000 shares.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is lower this morning on no ral news.  Shares were down 3.8% at $1.01 on almost 1 million shares.

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Cost Plus (CPWM) Tough results for last quarter. Sells down to $1.50 from 52-week high of $6.22.

China Techfaith (CNTF) Company warns on sales, cut jobs. Plunges to $1.51 from 52-week high of $9.98.

Exlservice Holdings (EXLS) No big news. Slips to $11.07 from 52-week high of $28.96.

Douglas A. McIntyre

Of course, no revenue was attached to the deal. It may be used by three cops in total.

It is TechFaith’s first contract from a customer that is not in the telecommunication sector. CNTF expects to benefit from strong demand in the broader, non-telecommunication market going forward as its custom developed phones are adopted to meet needs ranging from security and surveillance, to data management, GPS/location based tracking and other various data and communications needs.

Nice PR. Meaningless.

Douglas A. McIntyre

China Development Technology (CTDC) is up almost 20% to nearly $10. It has no new news.

China TechFaith (CNTF) launched a new dual mode phone. No one knows if it will sell a single unit. Shares are up 11% to $7.85.

Xinhua Financial (XFML) is up 15% with no visible news support.

It’s just troubling.

Douglas A. McIntyre

Qualcomm Inc. (Nasdaq: QCOM) has granted TechFaith Wireless Technology Group Limited, a British Virgin Islands corporation and wholly-owned subsidiary of CNTF, a global royalty-bearing license under Qualcomm’s patent portfolio to develop, manufacture and sell subscriber units and modem cards implementing the WCDMA and TD-SCDMA standards.

TechFaith is now licensed by Qualcomm for 3G subscriber units and modem cards that implement the CDMA2000®, WCDMA/UMTS and/or TD-SCDMA standards. The royalties payable by TechFaith are at Qualcomm’s standard worldwide rates and are the same irrespective of the CDMA standard implemented by the subscriber unit or modem card.

First Call shows that estimates are just over $143 million for all of 2007 and almost $219 million for all of 2008.  Shares are up roughly 50% at $10.00 compared to a $6.69 close on Friday; and the 52-week range is $4.01 to $11.28.  While this says "global" you have to always keep in mind the Broadcom (NASDAQ:BRCM) win over Qualcomm inside the U.S. as an issue, and you have to wonder how Nokia’s (NYSE:NOK) perpetual onslaught will affect the bullish bias in this deal as the European Union goes into mnore formal investigations against Qualcomm. 

CNTF did only have a $290 million market cap before this huge pop, so any real jump in orders might be a huge help.  TechFaith also has the China boost to it and it is no secret that it has been red hot lately.  So far that is what traders are betting on pre-market.

Jon C. Ogg
October 1, 2007

So what if the stock market came back from a scare almost back to new highs.  There are always a handful of stocks that manage to get their plaque put up in the 52-Week Low Hall of Shame…..

China Techfaith Wireless (CNTF) managed to close atthe same level as a prior low. $5.35 (unch).

Domino’s Pizza  (DPZ) slipped down to its previous lows now that it paid out dividend, it’s one leveraged food chain. $18.81 (-$0.01)

Diversa Corp. (DVSA), $5.22 (-$0.06)…hopefully your portfolio isn’t Diversa-fied.

IOMAI (IOMI)…should be My oh my! $2.06 (-$0.03).

Media General (MEG) $33.88 (-$0.95)…..dipped after a ‘general earnings warning.’

MGP Ingredients (MGPI) $16.56 (-$0.19)…natural grain products developer….do you think ethanol demand is driving up their costs of business?

McClatchy (MNI) $26.48 (-$0.13)….newspaper readers still falling….the cranage continues.

VeraSun Energy (VSE)….maybe alternative energy is overrated.  It managed to close up above the old lows, barely, and right at the end of the day. $14.40 (+$0.02).

Jon C. Ogg
June 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.