Small Cap Stock Report: Alaska Air Gains On Falling Crude, Andersons Up On Ethanol Project

Excerpt from our One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):

SMALL STOCKS: Alaska Air, Talbots Increase While Quantum, Connetics Decline

• Summary: Small-caps in the computer hardware sector followed large-cap EMC downward Monday: Quantum (DSS) dropped 2% and McData (MCDT) fell 1%; Alaska Air (ALK) rose 3% on falling crude oil prices; in the retail sector, Foot Locker's potential sale brought Talbots (TLB) up 3.4% and Hot Topic (HOTT) up 3%; ethanol maker Andersons (ANDE) rose 13% following its announcement of a joint project with large-cap Marathon Oil to construct and operate ethanol plants; ADRs of Shanghai-based Linktone (LTON) fell 13% following its warning of a "material negative impact" on its 2006 results due to new policies by China's large cellphone operators; software firm Kronos (KRON) fell 15% on warning for F3Q earnings; game company Take-Two Interactive (TTWO) sunk 8% upon announcing an SEC investigation into its stock-option granting practice.
• Comment on related stocks/ETFs: The announcement from Andersons is an important development for the ethanol market -- follow Seeking Alpha coverage of ethanol stocks.