hot topic

With fuel prices soaring, energy was the hot topic at a meeting of governors from energy-hungry New England states and leaders in eastern Canada, where there's a surplus of energy.

StreetInsider.com Unusual 11 Mid-Day Movers: Thermage, Inc. (Nasdaq: THRM) 35.6% HIGHER; announced yesterday after the close that it has received a revised unsolicited, non-binding proposal from a third party for an alternative transaction to Thermage's pending merger with Reliant Technologies, Inc.

The unsolicited, non-binding proposal calls for the acquisition of all of the outstanding shares of Thermage for a price of $5.50 per share in cash or a combination of cash and stock, subject to due diligence and negotiation of a definitive agreement.

StreetInsider.com After-Hours Movers: 

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) 9.6% LOWER; sees Q4 revenue $10M to $12M versus consensus estimates of $12.5 million.

Innovative Solutions & Support sees FY08 revenue of $30M-$32M versus consensus of $32.8 million. Expects gross margins to fall to 42-46% from slightly above 50%.

JDS Uniphase (Nasdaq: JDSU) 9% LOWER; reports Q4 EPS of $0.07, 3 cents lower than the analyst estimate of $0.10.

Revenues for the quarter were $390.3 million, versus the consensus of $395.83 million.