novellus systems

BioSante (Nasdaq: BPAX) 66.5% LOWER; says Libegel did not meet primary, secondary endpoints. Click here to see the full report.

Novellus Systems (Nasdaq: NVLS) 19% HIGHER; Novellus and Lam Research to combine in a $3.3 billion all stock deal.

Novellus holders to get 1.125 Lam shares.

Radiant Systems (Nasdaq: RADS) 29.7% HIGHER; NCR to acquire Radiant for $28 per share. Joe's Jean, Inc. (NASDAQ: JOEZ) 7% HIGHER; reported Q2 EPS of $0.01, in-line with the analyst estimate of $0.01.

Revenue for the quarter came in at $24.7 million versus the consensus estimate of $23.39 million. Microchip Technology (Nasdaq: MCHP) 5.9% LOWER; sees Q1 sales down about 1.5 percent compared to sales during Q4.

The company previously guided sales up 1-6% on a quarter-over-quarter basis.

June 2 -- Richard Hill, chief executive officer of Novellus Systems Inc., talks about the recovery of manufacturers in Japan's semiconductor industry from the country's March 11 earthquake and tsunami.

UPGRADES: UBS upgrades F5 Networks (Nasdaq: FFIV) from Sell to Neutral.

Price target increased to $47 from $29. Deutsche Bank upgrades Freeport-McMoRan (NYSE: FCX) to Buy. Price target increased from $72 to $100. Click Here for more color.

Buckingham Research upgrades shares of Lockheed Martin (NYSE: LMT) from Accumulate to Strong Buy.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: Fastenal (Nasdaq: FAST) - consensus EPS $0.33 Intraday or Not Specified: Economics: 2pm ET

• Treasury Budget for June - Street expects -$77.5B

After Market Closes: Earnings: Bank of the Ozarks (Nasdaq: OZRK) - consensus EPS $0.53 CSX (NYSE: CSX) - consensus EPS $0.61 Merix (Nasdaq: MERX) - consensus loss $0.39 Novellus Systems (Nasdaq: NVLS) - consensus loss $0.38 Subscribe to Ea