Company News for February 10, 2012

Zacks

•    Shares of TriQuint Semiconductor Inc. (NASDAQ:TQNT) declined 4.39% to end the day at $6.54 after the wireless-chip maker projected first-quarter earnings below the Street’s expectations

•    Business software maker Oracle Corp. (NASDAQ:ORCL) announced its decision to buy recruitment software maker Taleo Corp (NASDAQ:TLEO) for $46 per share. Following this development, shares of Taleo gained 17.21% to close at $45.64

•    Share prices of pharma company Cumberland Pharmaceuticals Inc. (NASDAQ:CPIX) advanced 11.11% after U.S. regulators approved a patent for a new formulation of the drug developer's liver drug

•    Share prices of Lorillard Inc. (NYSE:LO) increased 9.71% after the cigarette maker raised its quarterly dividend by 19% to $1.55 per share from $1.30 per share

•    Array BioPharma Inc's. (NASDAQ:ARRY) shares slid 18.50% a day after the bio-pharma company priced its offering of 20 million shares at $2.60 per share

•    Sugar marketers Imperial Sugar Co's. (NASDAQ:IPSU) share prices surged more than 79% to end the day at $6.02 per share after it reported its first-quarter earnings results. Separately, the company said it would explore the potential sale of its stake in the joint venture with Wholesome Sweeteners Inc.

•    Server network operator Akamai Technologies Inc's. (NASDAQ:AKAM) share prices increased 10.51% to close at $38.06 after the company's fourth quarter sales and revenue topped the Street’s expectations

Read the analyst report on TQNT

Read the analyst report on ORCL

Read the analyst report on TLEO

Read the analyst report on CPIX

Read the analyst report on LO

Read the analyst report on ARRY

Read the analyst report on IPSU

Read the analyst report on AKAM

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