Movers: 3Com, Accenture, Jabil Circuit

Friday's stocks in the news

3Com (COMS) agrees to be acquired by Bain Capital Partners in deal valued at $2.2 billion in cash. Terms: COMS holders to get $5.30 per share.

Accenture (ACN) posts fourth quarter GAAP EPS of $0.50, vs. $0.56 a year ago, as a year-ago quarter tax benefit and higher expenses offset 27% revenue rise. It sees $5.4-$5.6 billion first quarter revenue. It forecasts $2.21-$2.26 fiscal year 2008 GAAP EPS on 9%-12% revenue growth. It raises annual cash dividend 20% to $0.42 per share.

Jabil Circuit (JBL) posts $0.06 fourth quarter EPS, vs. $0.22 loss per share a year ago, on 3.3% revenue rise. It sees first quarter core EPS of $0.33-$0.37 on $3.3 billion revenue.

Christopher & Banks (CBK) posts $0.09, vs. $0.21 a year ago, second quarter EPS as higher cost, expenses offset 3% same-store sales rise, 7.2% total sales rise. It sees $0.22-$0.24 third quarter EPS, and $0.70-$0.74 for fiscal year 2008.

Cognos (COGN) posts $0.40, vs. $0.33 a year ago, second quarter non-GAAP EPS on 10% higher total revenue, 12% higher license revenue. It sees $0.45-$0.53 third quarter non-GAAP EPS on $270-$285 million revenue, $2.00-$2.10 fiscal year 2008 EPS on $1.075-$1.100 billion revenue. It sets $200 million stock buyback.

Harman International Industries (HAR) rises after Bear Stearns upgrades to outperform from peer perform.

BigBand Networks (BBND) drops after the company cuts third quarter revenue guidance to $35-$39 million from $54-$58 million and sees a third quarter operating loss due to a slowdown in Telco-TV revenue and softness in its data business. Jefferies, Morgan Keegan downgrade.

Finish Line (FINL) posts $0.04 second quarter loss per share, vs. $0.21 EPS a year ago, on 4.7% lower same-store sales. S&P reiterates hold.

Wesco International (WCC) sets $400 million stock buyback.

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