Acme Packet (Nasdaq: APKT) 16.5% LOWER; sees Q4 adj-EPS 26-28c, vs. the consensus of 37 cents, sales $84-$86 million, vs. the consensus of $93.4 million.
Cut its FY11 adj-EPS guidance from $1.14-$1.18 to $1.03-$1.05 and sales from $315-$320 million to $308-$310 million.
TiVo Inc. (Nasdaq: TIVO) 13.8% HIGHER; announced today that it has settled its pending patent litigation with AT&T (NYSE: T) and that the companies have entered into a mutual patent licensing arrangement.