grrf

3Com Corporation (NASDAQ: COMS) 36% HIGHER; HP (NYSE: HPQ) announced plans to acquire 3Com for $7.90 per share in cash or an enterprise value of approximately $2.7 billion.

The terms of the transaction have been approved by the HP and 3Com boards of directors. HP anticipates that the transaction will be slightly dilutive to fiscal 2010 non-GAAP earnings.

The transaction is expected to close in the first half of calendar 2010. Jamba, Inc.

GreenHunter Energy (Amex: GRH) 44.6% HIGHER; reports Q2 EPS of $0., cents better than the analyst estimate of ($0.40).

Revenue for the quarter was $ million, versus the consensus of $700K. China GrenTech (Nasdaq: GRRF) 39.9% HIGHER; reports Q2 EPS of $0.08, 6 cents better than the analyst estimate of $0.02.

Revenue for the quarter was $62 million, versus the consensus of $46.93 million. Newcastle Investment (NYSE: NCT) 30.3% HIGHER; continuing higher today following yesterday's break above the $1.00 level.

China GrenTech (Nasdaq: GRRF) 32.7% HIGHER; reports Q2 EPS of $0.08, 6 cents better than the analyst estimate of $0.02.

Revenue for the quarter was $62 million, versus the consensus of $46.93 million. NCI Building Systems, Inc.