NEW YORK (CNNfn) - GM Hughes Electronics ran counter to Monday's slumping stock markets, as demand for the company's stock caused its General Motors parent to prorate the amount of its shares that holders can exchange for shares of the satellite TV services and equipment provider.
Here are some of the biggest market movers in Monday trading:
Monday's winners
GM Hughes Electronics Corp. (GMH: Research, Estimates) up 6-5/16 to 96-3/16.
General Motors said that the offer to exchange shares of its GM Hughes Electronics affiliate for GM common stock was significantly oversubscribed.
The automaker said preliminary results show about 335.8 million shares of its common stock were tendered in the offer that expired May 19, and a proration factor of about 25 percent was set. About 86.4 million shares of the common stock -- which represents GM's car making operations -- will be accepted and exchanged for about 92 million shares of GM's Class H stock, which represents its high-technology Hughes unit. General Motors shares fell almost 12 percent to 76-3/4.
Adept Technology Inc. (ADTK: Research, Estimates) up 6-5/16 to 96-3/16.
Adept Technology, America's largest manufacturer of industrial robots, announced its participation as leading seed investor in Fastfactory, an online vertical marketplace for machine builders, equipment suppliers and system integrators. The Fastfactory exchange will serve as a business-to-business site that should streamline the concepting, design, configuration, procurement and support of factory automation projects.
Monday's losers
 Performance Technologies Inc. (PTIX: Research, Estimates) down 17 to 11-1/4.
Performance Technologies, a wireless telecommunications and networking products supplier, said Friday that second-quarter operating results will be below estimates because of a shipment delay and lower than expected orders from two major customers.
Vignette Corp. (VIGN: Research, Estimates) down 12-3/8 to 31-7/16.
Vignette will acquire OnDisplay in a stock swap valued at $1.7 billion based on Friday's close, the companies said Monday. Both provide software and services to bring business operations online.
WestPoint Stevens Inc. (WXS: Research, Estimates) down 5-1/8 to 12-7/8.
Home fashions producer WestPoint Stevens said Friday its board of directors canceled its recapitalization plan, under which the company's stockholders would have received $22 per share. "The significant increase in the cost of debt financing since March 24, 2000, made the transaction less favorable and less attractive for the company's proposed new equity investors, leading the principal new equity investor to withdraw its investment commitment," Chief Executive Holcombe Green, Jr., said in a statement.
Ryerson Tull Inc. (RT: Research, Estimates) down 4-1/16 to 9-11/16.
Metals processor Ryerson Tull said its business softened substantially in April and the first half of May, and it expects to be only "slightly profitable" in the second quarter at current sales levels. "Based on conversations with customers, we believe that the rather sudden, across-the-board weakness in sales volume since the beginning of April is largely due to their need to adjust production schedules and inventory to more appropriate levels," Neil Novich, Ryerson Tull's president and chief executive, said in a statement.
webMethods Inc. (WEBM: Research, Estimates) down 14 to 73.
webMethods, a provider of business-to-business services for electronic commerce, said it would buy Active Software, a maker of electronic business infrastructure software, in a stock deal valued at $1.3 billion. The company said in a statement that Active's stockholders would get 0.527 share of webMethod's common stock in exchange for each Active Software share.
Brocade Communications (BRCD: Research, Estimates) down 5-7/16 to 104-13/16.
Brocade Communications shares fell after U.S. Bancorp Piper Jaffray cut its rating on the provider of fiber channel switching solutions to "neutral" from "buy." 
-- compiled by Staff Writer Lucy Banduci from wire reports
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