Research in Motion Limited (NASDAQ: RIMM) is down nearly 16% on heavy volume to $29.70, relative to a 52-week range of $32.67-$70.54. The company cut its guidance severely and announced it would be reducing its workforce significantly.

Harbin Electric, Inc. (NASDAQ: HRBN) is up nearly 19% premarket to $8.30, relative to a 52-week range of $5.82-$25.05. Shares dropped more than 50% yesterday.

Zoran Corporation (NASDAQ: ZRAN) is up nearly 20% premarket to $8.60, relative to a 52-week range of $5.98-$11.35. CSR is buying the company for $484 million.

Broadsoft Inc. (NASDAQ: BSFT) is up 7% premarket on moderate volume to $46.15, relative to a 52-week range of $7.34-$55.35. The company reported strong first quarter revenue.

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) is up 2.3% premarket on heavy volume to $15.20,relative to a 52-week range of $9.55-$15.40.

Sequenom, Inc. (NASDAQ: SQNM) is up 5.5% premarket to $8.17, relative to a 52-week range of $4.69-$8.20.

Zoran Corporation (NASDAQ: ZRAN) is down 13.5% premarket to $8.30, relative to a 52-week range of $5.98-$11.35. The company reported first quarter earnings below market expectations.

Chesapeake Energy Corporation (NASDAQ: CHK) is up 5.5% before the market opens to $32.01, relative to a 52-week range of $19.62-$32.17. The company recently announced a deal to sell BHP Billiton (NYSE: BHP) a portion of its reserves.

Clinical Data, Inc. (NASDAQ: CLDA) is down 8% premarket on very heavy volume to $31.20, relative to a 52-week range of $10.87-$34.95. Forest Labs (NYSE: FRX) just announced plans to acquire Clinical Data in a deal valued at $1.2 billion.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is down 3% premarket to $8.26, relative to a 52-week range of $4.22-$10.24. The company recently reported fourth quarter earnings.

Mentor Graphics Corporation (NASDAQ: MENT) is up $18% premarket to $17.12, relative to a 52-week range of $7.81-$15.64. Shares of the MENT are up ahead of fourth quarter earnings, which will be released on Thursday.

Yahoo! Inc. (NASDAQ: YHOO) is down 3.3% premarket on moderate volume to $17.08, relative to a 52-week range of $12.94-$19.12. Shares of YHOO had gained more than 5% the previous week.

Zoran Corporation (NASDAQ: ZRAN) is up 25% premarket to %11.65, relative to a 52-week range of $5.98-$12.22. The company is set to merge with BRIEF-CSR.

Digital River Inc. (NASDAQ: DRIV) rose in after-hours trading by as much as 6% last night after it forecast 2010 earnings of at least $0.87 EPS vs. $0.77 estimates.  Shares are still up about 2.5% at $36.51 versus a 52-week range of $21.83 to $36.93.

Funtalk China Holdings Limited (NASDAQ: FTLK) is trading lower after announcing that it intends to offer about 7,000,000 ordinary shares in a public offering.  Shares are down 6.8% at $7.22 and the near-200K shares is already above an average day’s trading volume before the market is even open. Keep in mind that FunTalk postponed this offering once before due to market conditions.

Lexmark International Inc. (NYSE: LXK) is getting hit after earnings and after its CEO is retiring.  Shares are down 7.8% at $44.00 in early trading.

Plum Creek Timber Co. (NYSE: PCL) was lower last night after the timber-land giant posted $0.20 EPS rather than $0.24 EPS targets; it also lowered 2010 guidance.  Shares were down 4% last night a the stock is indicated down almost 6% now at $34.83 versus a 52-week range of $30.71 to $43.75,

Prologis (NYSE: PLD) was down 5% last night after it disclosed the sale of 80 million shares and plans to cut its quarterly dividend.  Shares are down 5.4% at $12.18 versus a 52-week range of $9.15 to $15.04.

Regions Financial Corp. (NYSE: RF) may be advertising more on TV but the earnings came up short of estimates and the stock is getting clipped.   Shares are down 9.7% at $6.35 in active pre-market trading.

SuperGen Inc. (NASDAQ: SUPG) is soaring in percentage terms this morning after beating earnings and raising 2010 guidance on strong Dacogen royalties. Shares are up 24.5% at $2.90 on nearly 100,000 shares; average volume is only 280,000 shares and the 52-week range is $1.71 to $3.80.

Tellabs, Inc. (NASDAQ: TLAB) reported earnings this morning that beat estimates but it issued a disappointing guidance for Q4 of revenues in a range of $410 to $430 million versus Thomson Reuters estimates of $441.2 million.  Shares are down 11.9% at $7.10 this morning versus a 52-week range of $5.36 to $9.45.

Texas Instruments Inc. (NYSE: TXN) was at a two-year high going into earnings.  Despite beating estimates, there was a sell-the-news reaction as guidance was put at $0.59 to $0.67 EPS vs. $0.63 estimates.  Shares were down about 1% around $28.70 last night.

Veeco Instruments Inc. (NASDAQ: VECO) was lower after lower guidance of down to $285 million versus estimates closer to $315 million.  Shares were down 6% at $37.44 in the after-hours session and the stock was down 5.5% at $37.55 on last look this morning.

United States Steel Corp. (NYSE: X) is trading lower on earnings, well on losses.  The company lost $51 million for the quarter and shares are down 5.4% at $40.00 in active trading versus a 52-week trading range of $33.25 to $70.95.

Zoran Corporation (NASDAQ: ZRAN) tanked last night after poor earnings and a significant cut to guidance.  Shares hit new 52-week lows as a result, assuming last night’s levels come close to holding.  Shares are down 21.7% at $5.92 pre-market versus a prior 52-week range of $6.81 to $12.32.

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JON C. OGG

ARM Holdings, plc (NASDAQ: ARMH) is trading up 4.55% at $17.62 on over 45,000 shares on overseas strength.

AVI BioPharma, Inc. (NASDAQ: AVII) is up after being issued U.S. patent providing key coverage of RNA-based therapeutics as antibacterial a; shares up 5.7% at $2.23 on 70,000  shares.

BP plc (NYSE: BP) is up by +3.4% at $38.50 after Fitch raised it and after its internal report over the BP Deepwater Horizon disaster noted that all parties involved shared much of the blame.

Brocade Communications Systems, Inc. (BASDAQ: BRCD) is up yet again after many are considering it the next 3PAR-like acquisition target by either DELL, HPQ, ORCL, IBM, or others in the CISCO-DATACENTER WAR.  Shares are up 2.75% at $6.08 on over 50,000 shares.

CIENA Corporation (NASDAQ: CIEN) shares are trading down 1.4% at $13.25 as its loss widened on items.

JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) is up after signing 500MW in solar supply pacts; shares are up 3.4% at $6.70 on more than 70,000 shares.

Microtune, Inc. (NASDAQ: TUNE) will be acquired for $2.92 per share in cash ($166M) by Zoran Corp. (NASDAQ: ZRAN); Microtune is up 17.4% at $2.90 and Zoran has not traded.

The Talbots Inc. (NYSE: TLB) beat earnings on the surface but sales missed expectations; shares are trading down 9% at $10.05 but shares had been down 111% earlier; 165,000 shares traded so far.

Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM), one most don’t know, is proposing to take itself private; shares are up 27% at $3.28 on about 30,000 shares.

ZymoGenetics, Inc. (NASDAQ: ZGEN) is soaring after Bristol-Myers agreed to acquire ZymoGenetics for $885 million or $9.75 per share in cash; shares are trading up over 83% at $9.73 on about 7M shares.

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JON C. OGG

BP plc (NYSE: BP) has literally been all over the place.  Its earnings came out with a huge loss after the spill charges.  Hayward is gone as CEO and Dudley is replacing him.  Shares were up $0.03 at $38.63 on over 1 million ADRs with more than 30 minutes to open.

Rambus Inc. (NASDAQ: RMBS) was already active in options yesterday ahead of the NVIDIA Corp. (NASDAQ: NVDA) ruling, where the ITC ruled FOR Rambus and AGAINST NVIDIA.  Rambus is up almost 10% at $21.50 on over 100,000 shares; NVIDIA is actually up 0.1% at $10.56 on over 200,000 shares. The logic here is that NVIDIA will just pay a royalty.

Regions Financial Corp. (NYSE: RF) is up almost 5% at $7.43 on more than 1.2 million shares in the pre-market after its loss from operations was lower than expected.  Te 52-week trading range here is $3.69 to $9.33.

Sanmina-SCI Corporation (NASDAQ: SANM) closed up 4.6% at $15.86 but shares are down almosy 7% around $14.75 this morning on thin volume.  The EMS outfit posted a profit on a mixed fanfare in the quarter and its guidance is mostly in-line. Keep in mind that the 52-week range is $0.73 to $20.30.

Valero Energy Corp. (NYSE: VLO) reported a $583 million profit, which appears to be the first real profit in more than a year.  Shares are up 4.25% at $18.31 on over 150,000 shares having traded in the pre-market.

Veeco Instruments Inc. (NASDAQ: VECO) was up over 4% yesterday and is up 4.9% at $44.89 on about 30,000 shares.  The company beat earnings estimates and raised guidance, but keep in mind that the 52-week range is $14.06 to $54.50.

Volterra Semiconductor Corporation (NASDAQ: VLTR) reported a gain in Q2 profit and sales but said its Q3 projections are in-line.  Shares are down 6.55% at $25.84 on almost 20,000 shares.

Zoran Corporation (NASDAQ: ZRAN) Q2 was mixed, but Q3 guidance was short of expectations and it is becoming a serial-disappointment.  Shares are down 11.5% at $8.65 on more than 20,000 shares.

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JON C. OGG

athenahealth, Inc. (NASDAQ: ATHN) Cut to Hold at Auriga.
BroadSoft (NASDAQ: BSFT) Started as Buy at Needham & Co.
Costco Wholesale (NASDAQ: COST) Raised to Buy at Needham.
Higher One Holdings (NYSE: ONE) Started as Neutral at Goldman Sachs.
Lear Corp. (NYSE: LEA) Started as Buy at KeyBanc.
Mosaic Co. (NYSE:MOS) Cut to Hold at Stifel Nicolaus.
OmniVision (NASDAQ: OVTI) Cut to Market Perform at Morgan Keegan.
PG&E Corp. (NYSE: PCG) Raised to Buy at Goldman Sachs.
SAVVIS, Inc. (NASDAQ: SVVS) Raised to Outperform at Wells Fargo.
Wal-Mart Stores Inc. (NYSE: WMT) Cut to Hold at Stifel Nicolaus.
ZoranCorp. (NASDAQ: ZRAN) Cut to Hold at Needham & Co.

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JON C. OGG

Skyworks Solutions, Inc. (NASDAQ: SWKS) is not a price mover after the close but it was today after an IBD move.  Shares closed up 2% at $19.13, but the trading volume was over 3X at over 20 million shares.  We have seen prints for 7.3 million shares, some of which may be clean-up prints.  The price change is listed as only 0.1% at $19.15 but that takes the cake for a most active in hours trading.

Integrated Device Technology, Inc. (NASDAQ: IDTI) closed up 3.1% at $5.63 and shares are up almost 4% more at $5.85 on about 100,000 shares in the after-hours session after the company announced a new $255 million share buyback against a $914 million market cap.

Legg Mason, Inc. (NYSE: LM) was hit after earnings showed a 4% drop in net income.  Shares closed up 3.4% at $30.08, but the stock is lower by 3.3% at $29.10 on over 70,000 shares since the closing bell.

Mindspeed Technologies, Inc. (NASDAQ: MSPD) is getting drummed in the after-hours trading session.  Revenues grew 8% to $43.3 million and non-GAAP was $0.18 EPS versus $0.15 last quarter… It expects Q4 revenue growth of 1% to 6% to $43.7 to $45.9 million.   Shares are down almost 3.5% at $8.50 on over 20,000 shares in the after-hours.

Plantronics, Inc. (NYSE: PLT) beat its earnings estimates but guidance on revenue was light for next quarter.  This closed up 1.5% at $33.36 but shares are down 4.4% at $31.90 on more than 20,000 shares since the close.

Rambus Inc. (NASDAQ: RMBS) was already active in options today and shares closed up over 3% at $19.59.    There have been over 125,000 shares since the closing bell and the stock is up 6% at $20.70 ahead of the NVIDIA ruling.

Sanmina-SCI Corporation (NASDAQ: SANM) closed up 4.6% at $15.86 ahead of the EMS company’s earnings announcement: the company posted a profit on a mixed fanfare in the quarter and its guidance is mostly in-line.  Shares are selling off because this one recovered so much against its trading lows by exponential amounts.  Shares are down 6.3% at $14.85 on about 50,000 shares since the 4:00 PM Close.

Ultra Clean Holdings, Inc. (NASDAQ: UCTT) said that Q2 revenue was $105.9 million, up 7.5% from Q1 but up 355.4% from the same period a year ago.  This one is up 10.05% at $10.40 on more than 30,000 shares in the after-hours trading session.

Veeco Instruments Inc. (NASDAQ: VECO) closed up 4.6% at $44.69 before earnings and after its halt was lifted the stock is up another 4% at $46.47 on over 250,000 shares.  The company beat earnings estimates and raised guidance, but keep in mind that the 52-week range is $14.06 to $54.50.

Zoran Corporation (NASDAQ: ZRAN) was down 0.1% before earnings but the stock is down 9.3% at $8.86 on almost 100,000 shares since it re-opened after a halt.  Q2 was mixed, but Q3 guidance is failing to live up to expectations.  This one is becoming a serial-disappointment.

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JON C. OGG

Biogen Idec (NASDAQ: BIIB) Started as Buy at Soleil.
Comerica (NYSE: CMA) Cut to Market Perform at BMO Capital.
Energy Conversion Devices (NASDAQ: ENER) Cut to Underweight at JPMorgan.
Evergreen Solar (NASDAQ: ESLR) Cut to Neutral at JPMorgan.
First Solar Inc. (NASDAQ: FSLR) Cut to Underweight at JPMorgan.
Mattel Inc. (NYSE: MAT) Raised to Buy at Citi.
Petrohawk Energy (NYSE: HK) Raised to Outperform at Wells Fargo.
The Travelers Companies, Inc. (NYSE: TRV) Started as Buy at Citigroup.
YUM! Brands (NYSE: YUM) Raised to Buy at UBS.
Zoran Corporation (NASDAQ: ZRAN) Cut to Hold at Collins Stewart.

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JON C. OGG

• Adaptec (ADPT) Raised to Outperform at Morgan Keegan.
• Cubist Pharamceuticals (CBST) Started as Accumulate at ThinkEquity.
• FLIR Systems (FLIR) Raised to Overweight at JPMorgan.
• MasterCard (MA) Started as Outperform at Baird.
• Terex (TEX) Raised to Outperform at Wachovia.
• Lexmark (LXK) Cut to Underweight at Barclays.
• Marchex (MCHX) downgraded at Thomas Weisel and at JMP Securities.
• Visa (V) Started as Neutral at Baird.
• Xeros (XRX) Cut to Equal Weight at Barclays.
• Zoran (ZRAN) Cut to Underweight at JPMorgan.

JON C. OGG
February 20, 2009