Dear PSL members,

Top losers in focus: (NENG, QTM, PMI, APP, LSI)

Network Engines, Inc. (NASDAQ: NENG) went down by 34% to close at $1.98 whereas overall traded volume stood at 4.18 million shares. NENG’s total market capitalization arrived at $84.41 million. Network Engines, Inc. (NEI) designs and manufactures server-based platforms and appliance solutions, on which software applications are applied for both enterprise and telephony information technology (IT) networks. The Company also provide support services related to solution design, integration control, global logistics, services, and support and maintenance programs.

Quantum Corporation (NYSE: QTM) plunged by 23.76% and closed at $1.54 with total traded volume of 7.03 million shares. Its total market capitalization stood at $332.70 million in the last trading day. Quantum Corporation (Quantum) is a global storage company specializing in backup, recovery and archive solutions. The Company provides an integrated range of disk, tape and software solutions supported by its sales and service organization. Its solutions are designed to provide information technology (IT) departments in a variety of organizations with tools for protecting, retaining and accessing their digital assets.

The PMI Group, Inc. (NYSE: PMI) closed at $3.23 after reporting the fall of 14.78% whereas traded volume stood at 14.90 million shares. Its total market capitalization ended at $519.29 million for the day. The PMI Group, Inc. (TPG) through its subsidiary PMI Mortgage Insurance Co. (MIC), and its affiliated companies (collectively PMI), provides residential mortgage insurance in the United States. During the year ended December 31, 2009, the Company operated in three business segments:  United States Mortgage Insurance Operations, International Operations and Corporate and Other. As a United States residential mortgage insurer, PMI offers a variety of mortgage insurance products to meet the capital and credit risk mitigation needs of its customers.

American Apparel Inc. (AMEX: APP) moved down by 14.36% and closed $1.55 with overall traded volume of 1.13 million shares. Its total market capitalization arrived at $110.75 million shares in the last trading session. American Apparel, Inc. is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel. The Company designs, manufactures and sells clothing for women, men, children and pets through retail, wholesale and online distribution channels. As of December 31, 2009, the Company operated 281 retail stores in 20 countries.

LSI Corporation (NYSE: LSI) witnessed the correction of 13.92% to close at $4.08 whereas total traded volume stood at 39.42 million shares. Its price to earnings ratio ended at 34. LSI Corporation (LSI) designs, develops and markets storage and networking semiconductors and storage systems. It provides silicon-to-system solutions that are used at the core of products that create, store, consume and transport digital information. The Company offers a range of capabilities, including custom and standard product integrated circuits used in hard disk drives, solid state drives, communications systems, computer servers, storage systems and personal computers. It also offers external storage systems, storage systems software, redundant array of independent disks (RAID), adapters for computer servers, and RAID software applications. LSI operate in two segments:  the Semiconductor segment and the Storage Systems segment.

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