Small Cap News Movers for 2/4/10

Industrias Romi S.A. today announced that it has submitted an all-cash offer to the Board of Directors of Hardinge Inc. (NASDAQ: HDNG) to acquire all of the outstanding shares of Hardinge for $8.00 per share. The offer represents a premium of 46% to Hardinge's closing share price on February 3, 2010, the last trading day prior to the public disclosure of Romi's offer, a premium of over 63% to Hardinge's closing share price on December 14, 2009. The stock closed at $8.08, up 47.45%, on 1,034,326 traded shares.

Affymetrix, Inc., (NASDAQ: AFFX) yesterday reported its operating results for the fourth quarter and fiscal year ended December 31, 2009. Total revenue for the fourth quarter was $88.8 million, as compared to total revenue of $78.6 million in the fourth quarter of 2008. In constant currency terms, revenue for the fourth quarter 2009 was positively impacted by $2.6 million as compared to 2008. For the full year 2009, total revenue was $327.1 million as compared to $410.2 million. The stock closed at $7.30, up 28.75%, on 15,383,301 traded shares.

Overhill Farms, Inc. (NYSE AMEX: OFI) today reported net income of $3.1 million, or $0.19 per basic and diluted common share, on net revenues of $56.2 million for the first quarter of fiscal 2010, which ended December 27, 2009. This is an increase of 20.5% from the earnings of $2.5 million or $0.16 per basic and diluted share for the first quarter of fiscal 2009, on an increase in revenues of 1.7% from the $55.3 million of the first quarter of fiscal 2009. The stock closed at $5.56, up 26.94%, on 572,172 traded shares.

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