In earnings this morning, OVTI (-13.5%) lowered Q3 revenue guidance, while BSFT (-5.8%) posted a strong beat but guided below consensus.
In news, TKLC (+11.2%) announced today that it has entered into a definitive agreement to be acquired by a consortium led by Siris Capital Group for $11/share. EXAR (-2.9%) announced its CEO and President resigned and reduced component count in industrial and embedded PCs.
Among rumors, we are hearing ERIC (+0.9%) for CIEN (-3.1%) making the rounds.
Among notable analyst upgrades this morning, DRWI (+3.3%) was upgraded to Buy at Jefferies In downgrades, ALU (-7.4%) was downgraded at Citigroup and WestLB and TECD (-7.8%) was downgraded to Market Perform from Outperform at Raymond James.
RAX (-1.2%) is the notable name in tech set to report results today after the close.






