Premarket Roundup: MEMC Electronics, Denny's

By Associated Press April 30, 2008

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Among the premarket stories for Wednesday, April 30, from AP Financial News:

NEW YORK (AP) _ An analyst downgraded MEMC Electronic Materials Inc. Wednesday and said the silicon wafer maker's stock will likely face challenges due in part to Wall Street's high expectations.

NEW YORK (AP) _ Shares of Denny's Corp. rose sharply premarket on Wednesday, a day after posting higher first-quarter earnings thanks to restaurant sales.

NEW YORK (AP) _ An Oppenheimer & Co. analyst downgraded Sohu.com Inc. late Tuesday, saying the Chinese Internet company's stock is overpriced after a recent rally.

NEW YORK (AP) _ Shares of Savvis Inc. fell toward all-time lows in premarket trading Wednesday after the computer network service provider cut its 2008 sales forecast.

NEW YORK (AP) _ An analyst cut estimates and a price target on Tesoro Corp. Wednesday and said first-quarter refining margins may be weaker than currently perceived.

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DocumentId: 633523, ~/articles/articlehandler.aspx, 5/17/2008 5:26:46 AM

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