Economic Calendar

Tuesday, September 29, 2009

Astrotech, MBIA, Sequenom, Silicon Image: U.S. Equity Preview

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By Lu Wang

Sept. 29 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.

Astrotech Corp. (ASTC US): The provider of satellite launch preparation services said it’s exploring options to boost shareholder value, including a sale of the company.

MBIA Inc. (MBI US): The largest bond insurer by total guarantees had its counterparty credit rating lowered to BB- from BB by Standard & Poor’s, which cited continued losses related to the company’s structured finance products.

Post Properties Inc. (PPS US): The developer of apartment buildings won dismissal of a lawsuit accusing it of failing to accommodate people with disabilities.

Sequenom Inc. (SQNM US): Sequenom dismissed its chief executive officer and a senior research executive after finding the company mishandled development of a test for Down syndrome.

Silicon Image Inc. (SIMG US): The designer of chips that transmit television signals said revenue in the third quarter was $39 million at most, missing its July forecast.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.




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