MARKET PULSE-BlackBerry, Extreme Networks, World Acceptance, UTStarcom
(For more market insights, including options activity, click on ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning Call newsletter , click link.reuters.com/sum45t) U.S. stocks edged modestly higher on Monday in the wake of data showing that business spending dropped sharply in September and amid uncertainty over how soon the Federal Reserve would be comfortable enough with growth to begin scaling back stimulus. The Dow Jones industrial average was down 0.10 percent, the S&P 500 was up 0.07 percent, and the Nasdaq Composite was up 0.13 percent.
** BLACKBERRY LTD, $6.90, down 11 pct (10:00 a.m. ET)
The company is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder. More than 42 million shares changed hands in the first half hour of trading.
** EXTREME NETWORKS INC, $6.33, up 17.9 pct (10.12 a.m. ET)
The network-gear maker reported better-than-expected results for the first quarter and said there would be no delays in fulfilling customer orders as it had resolved a shortage of key components.
** ANAREN INC, $27.75, up 11.4 pct (9:56 a.m. ET) Continued...