NASDAQ Movers; (TECUA), (TECUB), (MTRX), (PRCP), (ATNI)
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Visit: Tecumseh Products Company
New York, New York - January 22, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for January 22nd, 2013.
Tecumseh Products Company (NASDAQ:TECUA) trading at $7.04 rose by $1.13 or 19.12% on a volume of 202,158 shares as well as (NASDAQ:TECUB) trading at $6.87 gained $0.96 or 16.24% on a volume of 5,400 shares.
Tecumseh Products Company announced earlier this week that Mr. Kent B. Herrick has resigned as a member of the Board of Directors and as its Chairman, effective January 17, 2013.
Matrix Service Company (NASDAQ:MTRX) trading at $14.77 moved up $1.64 or 12.49% on a volume of 247,886 shares.
Perceptron Inc., (NASDAQ:PRCP) trading at $8.95 gained $0.98 or 12.32% on a volume of 796,296 shares.
Atlantic Tele-Network Inc., (NASDAQ:ATNI) trading at $44.07 rose by $4.70 or 11.94% on a volume of 250,471 shares.
AT&T has announced a deal to purchase Atlantic Tele-Network's, Alltel U.S. operations for $780 million, wherein they will acquire the company's retail wireless operations in this country, which includes nearly 600,000 paying customers and a wider spectrum with chunks of the 700, 850 and 1900 MHz cellular frequencies.
Alltel reportedly covers nearly 4.6 million people in a number of primarily rural areas in Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina but there is a slight hitch in that while the 850 and 1900 MHz bands are compatible with current AT&T operations, Alltel uses the CDMA data standard, while AT&T's nationwide network uses GSM technology. AT&T expects that as it upgrades the network, ATNI customers and existing AT&T customers who roam in these areas will enjoy an enhanced mobile Internet experience though this means that current Alltel customers should expect to purchase new GSM-based handsets in the close future.
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