Diamonds and Dogs
Silicon Image Inc. (SIMG)
Silicon Image is bucking the overall market, up 23.47% to $7.29. The video, audio, and data connectivity company saw its shares rise after news it would be bought out by Lattice Semiconductor for $600 million. The deal values Silicon Image at around $7.30 per share, and will "roughly double Lattice's revenue and create a company able to achieve greater economies of scale and better serve customers throughout a product life cycle," said Lattice CEO Darin Billerbeck. Shares of Silicon Image climbed nearly $1.40 today and was just mere pennies off of its 52-week high of $7.33.
Microsoft Corporation (MSFT)
Microsoft is dragging down the market today, down 8.67% to $42.94. The software and computer company saw its shares fall after missing on earnings and numerous downgrades. Revenue for the quarter ending in March will be $21 billion if the company hits the midpoint of its own forecast. Analysts had forecast $23.8 billion. The miss on earnings also was hit by mentions of a strong dollar hurting sales by around 4%. The worse than expected news caused 4 analysts to cut their rating and targets. Shares of Microsoft were down over $4.00 today, but are still well above their 52-week low of $35.69.
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