-$0.61
2.7%
Shares of Boston Scientific Corp. slipped to $21.55, and other heart device-makers also fell on the prospect of cuts in Medicare reimbursement for hospital procedures related to heart devices. Medtronic Inc. retreated $1.11, to $49.93. Medcath Corp. sagged $1.10, to $16.26.
-$3.62
10.2%
Shares of Advanced Micro Devices Inc. tumbled to $31.80. The chipmaker expects second-quarter sales at or “slightly” below $1.33 billion, less than the $1.35 billion analysts were expecting.
$0.33
1.7%
Intel Corp. stock rose to $19.45 and was the second-largest gainer in the S&P 500. Intel has used price cuts to take back market share from Advanced Micro Devices, analysts said.
$0.46
11.6%
Napster Inc. stock increased to $4.44. The company, which sells song and music subscriptions over the Internet, was rated “buy” by a ThinkEquity Partners analyst.
$1.23
1.5%
Shares of International Business Machines Corp. advanced to $81.98. A Lehman Brothers analyst said IBM will meet or exceed his increased per-share earnings estimate of $1.08. IBM reports earnings Tuesday.
$2.43
4.1%
SanDisk Corp. stock jumped to $61.90. The largest maker of flash memory cards for electronics will replace Chiron Corp. in the Standard & Poor’s 500 after markets close Wednesday.
