Third Point Seeks Entertainment Spinoff
Hedge fund Third Point, run by Daniel Loeb, increased its stake in Sony and is now urging the board to spinoff the company's entertainment business. That is pushing SNE higher by 4 percent before the bell on my tradeMONSTER platform.
Camtek Higher on Equipment Orders
Camtek, which provides semiconductor-inspection gear, announced a deal to sell 10 of its systems to with an Asian outsourcing company. CAMT advances more than 10 percent in the premarket.
GenMark Lowers Guidance
GenMark, a provider of molecular-testing equipment lowered its full-year revenue guidance to $30 million from $35 million, citing uncertainties about revenue contribution from its largest customer. GNMK falls 7 percent in early trading.
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