New York. NY – November 1, 2012 - - Nokia Corporation (ADR) (NYSE: NOK) stock gained 4.87% to $2.80. Nokia’s mid-range Windows Phone 8 handset, the Lumia 820, has officially been placed on pre-order by leading UK high street mobile retailer The Carphone Warehouse. However, the Lumia 820's CW landing page has stopped working, perhaps suggesting that the e-store is further updating its Windows Phone 8 content.
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Cirrus Logic, Inc. (NASDAQ: CRUS) shares declined 13.17% to $35.41 after the company’s second quarter net income was $35.45 million or $0.51 per share, from $11.25 million or $0.17 per share in the year-ago period. Adjusted income for the quarter was $54.84 million or $0.79 per share. Analysts expected the company to earn $0.71 per share for the quarter. Net revenues for the quarter grew 91% to $193.77 million from $101.60 million in the year-ago period and beat analysts' consensus estimate of $180.77 million.
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Williams Controls, Inc. (NYSEAMEX: WMCO) stock soared 41.15% to $15.40 after Curtiss-Wright Corporation (NYSE: CW) and Williams Controls jointly announced that they have entered into a definitive agreement that provides for the merger of Williams Controls with a wholly-owned subsidiary of Curtiss-Wright. The acquisition is expected to be completed late in the fourth quarter of 2012. The deal represents a premium of 41.3% to WMCO's previous closing price.
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ABIOMED, Inc. (NASDAQ: ABMD) stock dropped 29.81% to $13.92 after the company reported second quarter revenue of $37.4 million, up 27% as compared to revenue of $29.5 million in the same period of fiscal 2012, and GAAP net income of $5.5 million or $0.13 per diluted share in the second quarter of fiscal 2013, compared to GAAP net income of $0.6 million or $0.02 per diluted share in the same period of fiscal 2012.
Additionally, the company said a federal investigation is examining its marketing and labeling of Impella, its temporary heart product.
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Rediff.com India Limited (ADR)(NASDAQ:REDF) shares increased 25.77% to $2.44. The company overall revenues for the second quarter were $3.84 million, as compared to $5.10 million in the 2011 fiscal second quarter. The Company’s core online advertising business in India has shown a positive quarterly sequential growth of 7% in dollar terms, in the second fiscal quarter of 2012.
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