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Tuesday, January 27, 2009

GE, Molex, RF Micro Devices, Sun, Yahoo: U.S. Equity Preview

Jan. 27 (Bloomberg) -- Shares of the following companies may have unusual fluctuations in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 6:21 p.m. in New York.

Standard & Poor’s 500 Index futures expiring in March rose 1.4 percent to 850.50. Dow Jones Industrial Average futures added 91 points, or 1.1 percent, to 8,184.

General Electric Co. (GE:US) fell 1.4 percent to $12.87. GE and its finance arm may lose their top-level Aaa ratings as the global recession and credit crisis lessen the chance GE Capital can make a $5 billion profit goal this year, Moody’s Investors Service said.

Molex Inc. (MOLX:US) fell 5.9 percent to $13.15. The maker of electrical components for phones and computers said third- quarter sales may be as low as $500 million. Analysts estimated $616.9 million on average.

RF Micro Devices Inc. (RFMD:US) lost 13 percent to $1.06. The maker of chips for mobile phones predicted that fourth- quarter sales will decline “more than seasonally” due to weak demand for its products. The company suspended detailed quarterly forecasts, citing “uncertainty regarding customer demand.”

Sun Microsystems Inc. (JAVA:US) rose 6.3 percent to $4.24. The world’s fourth-largest maker of server computers reported an unexpected second-quarter profit after cutting jobs to cope with the recession.

VistaPrint Ltd. (VPRT:US) rose 23 percent to $20.01. The online provider of printing services forecast sales of at least $495 million in fiscal 2009. Analysts surveyed by Bloomberg projected an average of $492 million.

Yahoo! Inc. (YHOO:US) rose 4.9 percent to $11.90. The second-biggest search engine forecast first-quarter revenue of no less than $1.53 billion. That exceeded the average analyst estimate of $1.30 billion.

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