(EMAILWIRE.COM, February 03, 2010 )
Dallas, Tx - DST Systems, Inc. (NYSE:DST) plunged 12.86% to $39.45 on 4.02 million shares after the company announced that it has began implementation of a plan to reduce its workforce during 2010. This plan was necessitated by the extended economic downturn which has negatively impacted the financial services industry. The plan will result in a reduction of approximately 7% of the employee workforce, affecting all DST domestic and international business units. The Company anticipates a reduction in annual pre-tax operating costs of approximately $67 million as a result of the reduction.

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American Superconductor Corporation (NASDAQ:AMSC) fell 10.21% to $35.69 on 4.24 million shares after the company raised its fiscal 2009 guidance and now expects revenue to be in the range of $312-$315 million, up from previous forecasted range of $300-$310 million, GAAP net income has been increased from a range of $11.0-$13.0 million, or $0.24-$0.29 per diluted share, to a range of $14.0-$15.0 million, or $0.31-$0.33 per diluted share, non-GAAP net income forecast has increased from a range of $27.0-$29.0 million, or $0.59-$0.64 per diluted share, to a range of $29.5-$30.5 million or $0.65-$0.67 per diluted share.

Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) decreased 10% to $2.88 on 2.19 million shares after the company announced that it is assessing potential impairments to goodwill and acquisition-related intangible assets relating to FCI acquisition and anticipates impairment charges to 2009 financial statements. For the first quarter of 2010, it expects revenue to be down 5% to up 5% sequentially. The Company reported revenue of $22.83 million for the fourth quarter of 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $33.37 million for the first quarter of 2010.

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