We have compiled the news summaries and the moves on each.

Analog Devices, Inc. (NYSE: ADI) is lower after reporting a rise in third quarter profits but warning that Q4 will be weak due to global uncertainty.  Shares closed at $31.35 and shares are down about 2% at $30.78.

Blue Coat Systems Inc. (NASDAQ: BCSI) is getting crushed after it is forecasting a loss or gain of -$0.04 to $0.04 EPS versus estimates of $0.20 and higher.  It has also been downgraded or seen target cuts at many brokerage firms in research calls.  Shares are down 24% at $13.30, under the 52-week low of $14.91 and versus a $17.68 close yesterday.

Chico’s FAS Inc. (NYSE: CHS) is up after reporting a 42% rise in earnings and word that it is making an acquisition of a retailer in Florida.  Shares are up over 7% at $13.50 in pre-market trading.

Dell Inc. (NASDAQ: DELL) beat on the bottom line but turned in light revenues and guidance was light on sales as well.  Shares are down close to 6% at $14.85 or so this morning on active volume.

Eastman Kodak Co. (NYSE: EK) may be worth more in a breakup according to Bloomberg as it discusses $3 billion value for the patents alone.  Shares are indicated up more than 10% above $2.50 this morning.

First Solar, Inc. (NASDAQ: FSLR) is down on news that one of its top executives named Jens Meyerhoff is leaving the company after September 30.  Shares are down about 3% at $101.75 this morning.

NYSE Euronext, Inc. (NYSE: NYX) is getting a bit of a bounce of 2.3% to $27.15 after a substantial loss on Tuesday after Merkel and Sarkozy proposed a financial transaction tax of some sort. Shares were as high as $28.52 yesterday and closed down at $26.54.

Photronics Inc. (NASDAQ: PLAB), which manufactures photomasks for the chip sector, managed to post earnings gains and shares are responding handily.  Shares closed at $5.62 and the pre-market trading is up 9% at $6.13 on thin volume.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is down on news that the FDA is extending its review of EYLEA (aflibercept injection) by three months.  Shares are down almost 5% at $54.68 in pre-market trading.

Staples, Inc. (NASDAQ: SPLS) is getting a big bounce after the office supplies retailer beat earnings and managed to forecast solid results ahead too.  This one has been sold off big from highs and shares are up about 8.5% at $15.43 on active pre-market volume.

Sunrise Senior Living, Inc. (NYSE: SRZ) popped last night and is indicated higher this morning after Jim Cramer on CNBC’s MAD MONEY said that it is a small and under-followed speculative company that could potentially make homegamers a lot of money.  Shares closed at $6.84 and the stock is indicated up around $7.25 this morning.

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JON C. OGG

Atmel Corporation (NASDAQ: ATML) is up 6.5% on moderate trading to %15.60, approaching the top of its 52-week range of $4.29-$15.13.

Motricity, Inc. (NASDAQ: MOTR) is down 19% to $17.99 on heavy volume, relative to a 52-week range of $6.55-$31.95. RBC Capital recently downgraded the wireless company from outperform to underperform.

Photronics, Inc. (NASDAQ: PLAB) is down 14.5% on light volume to $7.70, relative to a 52-week range of $3.60-$7.25. The semiconductor components improved Q1 guidance after hours.

Take-Two Interactive Software (NASDAQ: TTWO) is up 6.5% on moderate volume to $15.49, relative to a 52-week range of $7.98-$14.54. The game company posted improved fourth quarter guidance.

Smith Micro (NASDAQ: SMSI) is 34% premarket to $8.70, relative to a 52-week range of $7.50-$17.03. The software company reported Q1 guidance well below expectations.

Sienna Wireless (NASDAQ: SWIR) is down 25% to $11.50, relative to a 52-week range of $6.54-$16.50. Shares of SWIR were cut to underweight at JP Morgan.

Alcatel-Lucent (NYSE: ALU) is trading up after Jefferies raised its rating to BUY this morning.  Shares are up 3% at $3.72 in active pre-market trading.

Alkermes, Inc. (NASDAQ: ALKS) is higher after the FDA granted wider approval of its Vivitrol for the treatment of opioid addiction.  Shares are up 2.2% at $16.02.

Clearwire Corporation (NASDAQ: CLWR) is higher on reports that it may seek to get up to $5 billion for part of a spectrum sale.  Shares are up 9.6% at $7.40 in the pre-market.

CSX Corp. (NYSE: CSX) is higher after beating earnings expectations.  Shares are up 4.3% at $59.75 versus a 52-week range of $41.81 to $62.00.

DryShips, Inc. (NASDAQ: DRYS) is trading higher this morning with some transport names and shares are up 2.6% at $4.69 on more than 100,000 shares.

Intel Corporation (NASDAQ: INTC) is trading higher after beating earnings and issuing guidance that was above the estimates at the mid-point. Shares are up 1.3% at $20.02 in active trading.

J.P. Morgan Chase & Co. (NYSE: JPM) posted $1.01 EPS versus estimates of close to $0.90 EPS despite some problems still existing in many areas.  Shares are up 1.5% at $41.01 so far, but we all know bank earnings can go either way throughout the day.

Linear Technology Corp. (NASDAQ: LLTC) had what appears to be light earnings and light guidance ahead.  Shares are down almost 4% at $30.30.  We would watch Maxim Integrated Products Inc. (NASDAQ: MXIM) on the news as these two are often considered each others closest peers.

MGM Resorts International (NYSE: MGM) is lower on word that Kirk Kerkorian will sell shares now that Las Vegas is recovering.  Shares are down 6.1% at $12.78 on more than 2 million shares.

Netlist Inc. (NASDAQ: NLST) is higher after it was awarded a patent for its proprietary Planar-X technology.  Shares of the cult stock are up 3.2% at $3.51.

Photronics, Inc. (NASDAQ: PLAB) may have just been a pre-market trade that was ‘hit at market’ because it still has a wide bid-ask spread.  Shares are listed as being up nearly 7% at $6.20, but most of the prior trades were $6.00 to $6.14.

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JON C. OGG

Photronics Inc. (NASDAQ: PLAB) is up after earnings of $0.09 EPS vs. $0.04 from Thomson Reuters; revenues rose 26% to $105.1M vs. $102.3M estimates;  Shares up almost 10% at $5.40 in ater-hours on 18K shares.

Career Education Corporation NASDAQ: CECO) is active among recent pro-regulation resignations in politics.  Shares closed down at $29.74 but the stock traded 150,000 shares since the close and the stock is up 7% at $31.83.

ChipMOS TECHNOLOGIES LTD. (NASDAQ: IMOS) is soaring after the close after it returned to profits.  It also sees 17% TO 23% in sequential revenue growth.  Shares are up 10.9% at $1.83 in the after-hours after closing down 5.7% at $1.65 today.

Westell Technologies Inc. (NASDAQ: WSTL) is trading higher after it reported a $2.7 million profit for the fourth quarter and posted a $10.3 million profit for its fiscal-2010 report.  Shares are up 7.15% at $1.50 versus a 52-week range of $0.42 to $1.88.

NYSE Euronext, Inc. (NYSE: NYX) is trading higher after the Big Board exchange is getting some SEC-sponsored proposals for a single-stock circuit breaker for 10% price moves within 5 minutes.  Shares are trading up over 4% at $29.99 on over 200,000 shares.

Hanmi Financial Corporation (NASDAQ: HAFC) is far from a household name. Shares closed at $2.31 but are up 11.7% at $2.58 on over 35,000 shares.

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JON C. OGG

• Air Products (APD) Raised to Buy at KeyBanc.
• Chattem (CHTT) Cut to Hold at Jefferies.
• Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
• Freeport-McMoRan (FCX) Raised to Buy at Citigroup.
• Photronics (PLAB) Raised to Buy at UBS.
• Qualcomm (QCOM) Started as Outperform at Morgan Keegan.
• SAP (SAP) Raised to Buy at Jefferies.
• Southern Copper (PCU) Raised to Hold at Citigroup.
• STMicro (STM) Raised to Buy at BofA/Merrill.
• Starwood Hotels (HOT) Cut to Underperform at Baird.

JON C. OGG
JULY 8, 2009