Morning stock check: SunPower up, eBay down 

SunPower Corporation (SPWR) was up more than 4.5 percent in early trading Friday morning, with the Charles Schwab Corporation (SCHW) and NVIDIA Corporation (NVDA) not far behind, both up more than 2.5 percent.

eBay Inc. (EBAY), a first-timer this week on the top three downward-trading companies, was down more than 2.5 percent Friday. Adobe Systems Incorporated (ADBE) and Intel Corporation (INTC) were both down more than 2.5 percent as well in early trading.

Intel Corporation (INTC),Cisco Systems, Inc. (CSCO) and Apple Inc. (AAPL) were all, as usual, trading at high volume. Intel was highest, with 20.12 million shares changing hands.

The Dow Jones Industrial Average was trading up and down Friday morning, but was trending downward at nearly a third of a percent.

In other stock news, Advanced Micro Devices Inc. (AMD) announced it won't become profitable again until the second half of 2008, and that the release of a new product to bring it out of the slump would be delayed because of the fiscal woes. Also, two privacy groups maintain the head of the Federal Trade Commission, Deborah Platt Majoras, may be linked to a law firm connected to Google, Inc., which recently purchased DoubleClick wo privacy groups on Thursday didn't let up on their claims that the head of the Federal Trade Commission may be linked with a law firm with business before the agency.

The Electronic Privacy Information Center and the Center for Digital Democracy yesterday called for Deborah Platt Majoras, the chairwoman of the FTC, to remove herself from the agency's antitrust review of Google Inc.'s $3.1 billion purchase of DoubleClick, an online advertising services firm. The groups say she may be linked with a law firm with business before the agency.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

© 2018 The San Francisco Examiner

Website powered by Foundation