Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of semiconductor testing solutions specialist Verigy
So what: After a slow opening, the shares quickly surged to a high of $15.09 within the first hour of trading, representing a nice gain of about 10%. Unfortunately, the pop was short-lived as the shares have quickly reversed course and are now basically unchanged for the day.
Now what: I wouldn't read too much into today's price swing. While Verigy remains party to the merger agreement with LTX-Credence
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