Company News for September 25, 2012

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• Lennar Corporation (NYSE:LEN) reported third quarter earnings per share of $0.34, higher than the Zacks Consensus Estimate of $0.27


• Shares of Rambus Inc. (NASDAQ:RMBS) rose 17.6% after a judge in California delivered a judgement as per which it is entitled to receive royalties from rival SK Hynix Inc. for patent infringement


• TiVo Inc. (NASDAQ:TIVO) soared 4% after it announced that a pending patent suit with Verizon Communications Inc. (NYSE:VZ) has been settled for $250.4 million and that it has entered into a patent licensing agreement with Verizon 


• Shares of Peregrine Pharmaceuticals (NASDAQ:PPHM) plunged 78.5% after it announced that some major discrepancies have been found in results from a mid-stage drug study. The study was conducted by a third-party contractor who has been held liable for the errors 


Read the analyst report on LEN

Read the analyst report on RMBS

Read the analyst report on TIVO

Read the analyst report on VZ

Read the analyst report on PPHM

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