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. stock indexes were little changed on Monday, with shares of Blackberry plummeting to a 10-year low as the day's biggest loser, amid uncertainty over the longevity of the Federal Reserve's massive stimulus measures. The Dow Jones industrial average .DJI fell 12.42 points, or 0.08 percent, to 15,603.13, the S&P 500 .SPX gained 1.73 points, or 0.1 percent, to 1,763.37 and the Nasdaq Composite .IXIC added 6.193 points, or 0.16 percent, to 3,928.236.
** BLACKBERRY LTD, $6.49, down 16 pct (12:38 p.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, $6.37, up 18.5 pct (12:38 p.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, $27.74, up 11.4 pct (12:39 p.m. ET) Continued...