News / Business
Small Cap Stock Movers (DARA, SMSC, RMBS, JAV)
Small Cap Stock
DARA BioSciences, Inc. (NASDAQ:DARA) shares surged over 5% to $4.08 after the company said that SurgiVision, Inc., a privately held company in which DARA has an investment, has received 510(k) clearance from the FDA to market their ClearPoint system in the United States for general neurological interventional procedures.
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Standard Microsystems Corporation (NASDAQ:SMSC) gained 0.30% to $23.41 after the company reported first quarter EPS of 33 cents, versus analyst estimate of $0.27. Sales for the quarter reported at $97.2 million, topped the analysts estimates of $86.50 million of revenue.
The company sees second quarter sales of $101 - $104 million, compared to the consensus of $95.3 million.
Rambus Inc. (NASDAQ:RMBS) surged 1% to $18.54 after signing a deal with General Electric Co. (NYSE: GE) to accelerate LED product development via GE’s Appliances & Lighting business.
However, Financial details of the agreement were not disclosed. The initial focus of the companies will be to develop a flat-panel LED lighting system for architectural and commercial lighting.
Rambus Inc. (Rambus) is a premier technology licensing company. The Company is engaged in designing, developing and licensing chip interface technologies and architectures.
Javelin Pharmaceuticals Inc. (AMEX:JAV) soared 58% to $2.18 after it announced its intention to complete the tender offer by Discus Acquisition Corporation, a wholly owned Hospira subsidiary, for all outstanding shares of the common stock of Javelin Pharmaceuticals, Inc.
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