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Premarket roundup: Hewlett-Packard, Ambac



By AP
06 November 2008 @ 09:42 am EST

Among the premarket stories for Thursday, Nov. 6, from AP Financial News:

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Quotes
HPQ 37.84 -1.47
ABK 1.34 -0.12
CSCO 17.32 -0.47
MDR 12.19 -0.79

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NEW YORK (AP)--An analyst downgraded technology bellwether Hewlett-Packard Co. Thursday, citing reasons including slowing computer sales growth.

CHARLOTTE, N.C. (AP)--Shares of Ambac Financial Group Inc. tumbled in premarket trading Thursday, as concern loomed about the bond insurer's capital position after it reported a third-quarter loss and its debt rating was downgraded to junk.

NEW YORK (AP)--Shares of Cisco Systems Inc. were down in premarket trade Thursday after the world's largest maker of computer-networking gear said it saw a severe falloff in orders in October.

NEW YORK (AP)--An analyst downgraded shares of McDermott International Inc. Thursday after the energy infrastructure company reported its third-quarter profit fell on higher costs for offshore pipeline projects.

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 This material may not be published, broadcast, rewritten or redistributed.

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