Post-Market NASDAQ Movers (TRCI, GSIG, CELM, SREV, PWAV, ANAD, AONE, ESEA, FUQI, HOKU)

The top after-market NASDAQ Stock Market gainers are: Technology Research, GSI Group, China Electric Motor, ServiceSource International, and Powerwave Technologies. The top after-market NASDAQ Stock Market losers are: Anadigics, A123 Systems, Euroseas, Fuqi International, and Hoku.

Gainers

Technology Research Corp. (TRCI) stock jumped 39.11 percent to $7.15 in the after-market trading, as it agreed to be acquired by Coleman Cable, Inc. (CCIX) for $7.20 a share in cash, or a total of about $51.5 million on a fully diluted basis. Technology Research said its board of directors recommend its shareholders to tender their shares in the offer contemplated by the merger agreement. Coleman owns 323,710 TRCI shares, or about 4.9 percent of TRCI's outstanding shares.

Under the terms of the agreement, it is anticipated that Coleman will commence a tender offer for all of the outstanding shares of Technology Research on April 11. The tender offer will not be closed until the conclusion of the go shop period.

GSI Group Inc. (GSIG) stock grew 3.80 percent to $12.30 in the after-market trading. Loss for the fourth quarter narrowed to $1.74 million or 5 cents a share from $31.76 million or $1.99 a share last year. Sales rose 26 percent to $91.62 million. For the first quarter, the company expects revenue of $86 million to $90 million, and adjusted EBITDA of $11 million to $14 million. This guidance excludes the impact of the company's adoption of new revenue recognition accounting standard, ASU-2009-13.

China Electric Motor, Inc. (CELM) stock increased 3.24 percent to $2.87 in the after-market trading.

ServiceSource International, Inc. (SREV) stock gained 3.12 percent to $11.89 in the after-market trading.

Powerwave Technologies Inc. (PWAV) stock rose 2.25 percent to $4.54 in the after-market trading.

Losers

Anadigics, Inc. (ANAD) stock plunged 7.96 percent to $4.28 in the after-market trading. The company announced the resignation of president and chief executive officer Mario Rivas and senior vice president Greg White. Ron Michels, who was the senior vice president, chief technology and strategy officer, will assume the responsibilities of the chief executive officer.

Anadigics said Tom Shields, who currently serves as EVP & chief financial officer , will assume the additional post of chief operating officer and John Van Saders, who was the VP advanced technology, will serve as senior vice president, RF Products. The company also said its first quarter revenue guidance remains on track with previous forecast of $42 million to $44 million, while Street predicts $43.13 million.

A123 Systems, Inc. (AONE) stock fell 7.93 percent to $7.20 in the after-market trading, following a cut to first quarter revenue guidance as a Japanese supplier of battery-coating materials suspended operations after the quake.

The company now expects first quarter revenue of $16 million to $18 million, down from previous forecast of upper teens to low twenty million dollars. The company forecast full-year revenue in the range of $210-$225 million, and expects second-quarter revenue to be double that of first quarter. Analysts predict revenue of $20.41 million for the first quarter and $211.01 million for the full year 2011.

Separately, A123 Systems said it plans to offer 18 million shares of common stock and concurrently offer $125 million of convertible subordinated notes due 2016 in registered underwritten public offerings. A123 plans to grant the underwriters a 30-day option to buy up to an additional 2.70 million shares of common stock, with respect to the stock offering, and up to $18.75 million of the convertible notes, with respect to the notes offering.

Euroseas, Ltd. (ESEA) stock tumbled 5.58 percent to $4.36 in the after-market trading.

Fuqi International, Inc. (FUQI) stock slid 4.36 percent to $2.63 in the after-market trading. The stock touched a new 52-week low of $2.75 on Monday, after it said it received a letter from independent registered public accounting firm, Marcum LLP, regarding an internal investigation conducted at the request of the company's Audit Committee relating to certain cash transfer transactions involving the company. The completion of the audit of the company's 2009 financial statement has been delayed due to the internal investigation into the cash transfer transactions.

Fuqi said the completion of the audit of the company's 2009 financial statement is delayed due to the internal investigation into the cash transfer transactions. For the year ended December 31, 2009 and 2010, the aggregate amount of the cash transfers totaled about $86.3 million and $47.5 million, respectively, and the highest amount outstanding on any given date was equal to around $24.1 million and $8.5 million, respectively.

Hoku Corp. (HOKU) stock declined 2.84 percent to $2.05 in the after-market trading.