development group inc

NetManage, Inc. (Nasdaq: NETM) 66.8% HIGHER; agreed to be acquired by Micro Focus International for $7.20 per share.

This represents a premium of approximately 73% over the closing share price of NetManage's common stock on April 30, 2008 of $4.15.

Network Equipment Technologies (NYSE: NWK) 34% LOWER; reports Q1 EPS of $0.09, 2 cents better than the analyst estimate of $0.07.

Revenues for the quarter were $33.4 million, versus the consensus of $33.92 million. PharmaNet Development Group, Inc.

StreetInsider.com Pre-Open Movers:

NetManage, Inc. (Nasdaq: NETM) 67% HIGHER; agreed to be acquired by Micro Focus International for $7.20 per share.

This represents a premium of approximately 73% over the closing share price of NetManage's common stock on April 30, 2008 of $4.15.

PharmaNet Development Group, Inc.

(Nasdaq: PDGI) 30% LOWER; reports Q1 loss of $0.53 per share, well below the consensus of a $0.30 profit. Revenues came in at $86.8 million, versus the consensus of $94.6 million.

Sees FY08 EPS of $0.53-$0.63 versus the consensus of $1.52.