Pre-Open Movers 5/20: Netflix (NFLX) Higher On Upgrade, SMART Modular (SMOD) Sinks on Warning - Street Insider

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Pre-Open Movers 5/20: Netflix (NFLX) Higher On Upgrade, SMART Modular (SMOD) Sinks on Warning
May 20, 2008 01:20 PM UTC

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Via StreetInsider.com News Articles:

StreetInsider.com Pre-Open Movers:

Jazz Technologies, Inc. (AMEX: JAZ) 82% HIGHER; Tower Semiconductor Ltd. (NASDAQ: TSEM) and Jazz Technologies signed a definitive agreement by which Tower will acquire all of the outstanding shares of Jazz in a stock-for-stock transaction valuing Jazz at a fully diluted equity value of approximately $40 million.

SMART Modular Technologies (Nasdaq: SMOD) 20% LOWER; revised its previously issued Q3 earnings guidance: the company now expects sales of $150-$155 million, versus the consensus of $164.93 million and compared to $160 million in revs during the same quarter last year. SMART Mod. now sees Q3 non-GAAP EPS of $0.05-$0.07,

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