Morning Market Losers (DGW, MERU, SIHI, LEDS)
Duoyuan Global Water Inc (NYSE: DGW) fell 22.31% to $3.10 at 9:50 am. DGW's Chief Financial Officer (CFO) Stephen Park announced his plans to leave the company.
Meru Networks Inc (NASDAQ: MERU) shares dipped 18.87% to $15.31. MERU projects to report Q1 revenue in the range of $20.0 million to $20.5 million, versus its earlier revenue guidance in the range of $21.5 million to $22.5 million.
SinoHub Inc (AMEX: SIHI) shares lost 18.08% to $1.45. SIHI shares have dipped 39.38% over the past 52 weeks, while the S&P 500 index has gained 12.25% in the same period.
SemiLEDS Corporation (NASDAQ: LEDS) dropped 17.22% to $11.97. LEDS posted a loss in the second quarter and projects to post a loss in the current quarter.
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