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Premarket roundup: Apple, Nokia



By AP
29 September 2008 @ 09:49 am EST

Among the premarket activity stories for Monday, Sept. 29, from AP Financial News:

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Quotes
AAPL 82.58 2.09
NOK 12.93 0.58
MSFT 19.68 2.15
IBM 74.88 3.14
CSCO 15.17 0.7

SYMBOL LOOKUP

NEW YORK (AP)--Apple Inc. shares slid in premarket trading Monday after an analyst downgraded the stock because of an expected pullback in consumer spending.

NEW YORK (AP)--Nokia Corp., the world's largest maker of cell phones, Monday said it would stop marketing its own system for corporate e-mail access, to focus on making its devices work with systems from Microsoft Corp., IBM Corp. and Cisco Systems Inc.

DETROIT (AP)--An analyst downgraded recreational vehicle industry stocks Monday, saying that a recent rally in share prices might be coming to an end due to "dreadful" fundamentals for the industry.

NEW YORK (AP)--An analyst on Monday upgraded three apparel companies amid a sector-wide sales slump due to their relatively cheap share prices, despite the difficult economic environment.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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