Below is a list of U.S. companies, whose stock price are having unusual price changes.
Select Comfort Corp. (SCSS US) plunged 21%, or $1.49, and now stands at $5.66. The maker of Sleep Number adjustable beds forecast a further profit decline in 2008 with sales unchanged to “slightly” lower.
Cisco Systems Inc. (CSCO US) dropped 3% or 68 cents, and now stands at $22.40. The world’s biggest maker of computer-networking equipment forecast third quarter sales that fell short of analyst’s estimates. It is obvious that customers have now tightened budgets to cope with slowing of U.S. economic growth.
Juniper Networks Inc. (JNPR US), the second-largest maker of networking equipment, and Cisco System’s biggest competitor, lost 2.9% and is down to $14.39.
Infineon Technologies AG (IFX US) fell $1.60, or 17%, to $7.92. Europe’s second-biggest semiconductor maker reported a fourth straight quarterly loss on lower memory-chip prices and cut its profit and sales forecasts after demand from mobile-phone makers fell.