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TranSwitch Corporation (Nasdaq: TXCC) 23.4% HIGHER; announced that the Company's HDMI 1.4 Intellectual Property with patented Phaswitch" technology has been selected by Samsung Electronics for its next generation of televisions.

Also notably, the stock bounced sharply off the 200-day SMA earlier. MannKind Corporation (Nasdaq: MNKD) 21.5% HIGHER; confirms with the U.S.

Food and Drug Administration the design of two clinical studies that evaluate the efficacy and safety of AFREZZA (insulin human [rDNA origin]).

Pacific Ethanol, Inc. (Nasdaq: PEIX) 13.2% HIGHER; reports Q2 EPS of $1.43, which compares to a loss of $0.49 last year.

Revenue for the quarter was $76.8 million, compared to $70.1 million in the same quarter last year. Rick's Cabaret Int'l, Inc (Nasdaq: RICK) 12% LOWER; reports Q2 adjusted EPS of $0.09, versus the analyst estimate of $0.20.

Revenue for the quarter was $19.93 million, which compares to the estimate of $20.34 million.

UPGRADES: Bank of America upgrades Bank of New York Mellon (NYSE: BK) from Neutral to Buy.

Price target raised $4 to $36. J.P. Morgan upgrades Unilever (NYSE: UL) from Neutral to Overweight. Jefferies & Co upgrades VMware (NYSE: VMW) from Underperform to Hold.

Lazard Capital upgrades Cinemark (NYSE: CNK) to Buy. Price target $13. Citigroup upgrades Blue Nile (Nasdaq: NILE) from Hold to Buy and maintains their $50 price target.