Force Protection (NASDAQ:FRPT) gets sales for trucks in UK. Up almost 13% on the news.

LookSmart (NASDAQ: LOOK) is up 10% on comments on a positive Q1.

Millennium Pharmaceuticals (NASDAQ:MLNM) is up over 50% on a buy-out bid from Takeda Pharmaceutical.

Virgin Media (NASDAQ:VMED) is off over 12% on news it is raising $1 billion.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

Barron's ran a piece today [subscription] on an interesting list that has some history. Back when I was at the hedge fund, we found a list of interesting stocks produced by boutique investment firm, B. Riley. This list, called Cash Rich Technology Stocks (CRTS), was a favorite among value investors in the technology sector.

According to Barron's, this list screens for tech stocks trading at or near net cash per share. More specifically, the CRTS looks for stocks where:

• Net cash for all the companies considered was at least 35% of market cap.
  
• Riley eliminated companies with market caps under $40 million or high cash-burn rates.
  
• They crossed off those its analysts believed to have business models with little chance of success.

So, which stocks came up?

The performance at LookSmart (NASDAQ: LOOK) hasn't been too smart over the years. Even though the company is in the red-hot online advertising sector, it still can't seem to get an edge against Google (NASDAQ: GOOG), Yahoo (NASDAQ: YHOO), and Microsoft (NASDAQ: MSFT).

For example, in yesterday's Q3 report, LookSmart posted a meager 4% increase in revenues to $12.6 million. There was also a GAAP net loss of $4.3 million, or $0.19 per share.

So, to get things on track, LookSmart is rationalizing things. That is, the company announced it has sold its FindArticles.com division to CNET (NASDAQ: CNET) for $20.1 million in cash.

FindArticles.com is a niche asset, with an archive of 11 million articles from more than 3,000 sources. And, for the most part, it looks like a fit for CNET. Expect other content deals from the company.

However, as for LookSmart, it still has a lot of challenges. The company slashed 25% of its workforce and isn't providing any revenue guidance. In other words, things are going to remain cloudy for some time.

Finally, visit DealProfiles.com to check out other recent M&A activity.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.