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TeleCommunication Systems, Inc. (NASDAQ:TSYS) decreases 13.28% to $7.97 after the company yesterday announced its intention to commence an offering, subject to market conditions and other factors, of $90 million aggregate principal amount of convertible senior notes. The Company also expects to grant the initial purchasers a 30 day over-allotment option to purchase up to an additional $13.5 million aggregate principal amount of notes.
GT Solar International, Inc. (NASDAQ:SOLR) decreases 11.05% to $4.93 on over 971K shares after Piper Jaffray gave the Semiconductor - Specialized industry some bad news as it announced that the company was downgraded from Neutral to Underweight. GT Solar International, Inc., through its subsidiaries, is a provider of specialized manufacturing equipment and services essential for the production of photovoltaic wafers, cells and modules and polysilicon.
Opnext, Inc. (NASDAQ:OPXT) decreases 28.92% to $2.04 after Jefferies & Co gave the Semiconductor - Broad Line industry some bad news as it announced that the company was downgraded from Buy to Hold. Opnext, Inc is a designer and manufacturer of subsystems, optical modules, and components that enable high speed telecommunications and data communications networks globally. Optical modules and components transmit and receive data delivered via light in telecom, data communication, industrial and commercial applications.
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