Tomahawk, WI 9/13/2011 (PennyPayDay) – Computer hardware company Hewlett-Packard said Tuesday it was extending the deadline for its offer for Autonomy, the U.K. software company, to Oct. 3 after it received acceptances from only 41.6% of Autonomy shareholders.Shares were down 0.6% to $22.45 in premarket trading Tuesday.
Networking giant Cisco is holding its annual financial analyst conference on Tuesday at 11 a.m. EDT.
Shares were falling 0.4% to $16.03.
Consumer electronics retailer Best Buy is expected to post second-quarter earnings of 53 cents a share Tuesday vs. last year's earnings of 60 cents a share.
Shares were trading sideways at $24.97.
Chipmaker Intersil has lowered its revenue outlook for the third quarter, citing weak demand across all of its end markets. The company now sees revenue of $184 million to $188 million for the three months ending in September vs. a previous projection of $205 million to $213 million. The current average estimate of analysts polled by Thomson Reuters is for revenue of $209 million.
Vertically integrated solar products and services company SunPower said its board has authorized a proposal to reclassify the company's class A and B common shares as a single issue on a one-for-one basis.
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