Protein Design Labs Announces Stock Split; Qualcomm Scores Coup in Taiwan Wireless
DEBORAH MARCHINI, CNN ANCHOR: We've got a mixed bag for you coming up, from earnings to warnings to stock splits.</s>DAVID HAFFENREFFER, CNN ANCHOR: And for a preview of all of that, we go right to Sasha Salama at the Nasdaq marketsite this morning -- Sasha.</s>MARCHINI: Hi.</s>SASHA SALAMA, CNN CORRESPONDENT: Hi, David and Deborah and viewers. A lot going on this morning. Listen up in case you own shares of any of these stocks, companies, or if you're looking to buy or sell. First of all, Protein Design Labs, PDLI is the ticker symbol, it's up more than 5 in the pre-market to 192. The drug developer splitting its stock two for one, payable to shareholders of record August 1. We're also watching Qualcomm, QCOM, the stock up 2 1/2 in the pre-market. The company scoring a big coup for its wireless technology in Taiwan. The biggest maker of cordless phones in Taiwan will be using Qualcomm's technology known as CDMA. Qualcomm's stock has sold off sharply in recent months amid setbacks both in South Korea and China. We're also watching Centura Software. CNTR could be the stock of pain today. In the pre-market, the stock is down nearly 2 to 3 1/8, the company warning of an earnings shortfall. It expects a loss of 11 to 13 cents a share. Wall Street had expected a profit of one penny a share. Electro Scientific, a different story, ESIO the ticker symbol. This company makes equipment for manufacturing electronic components, and it came in with 61 cents a share. That's 5 cents better than estimates. The stock up 2 in the pre-market. Northwest Airlines,</s>NWAC: The "Washington Post" says that American Airlines is offering to buy Northwest for $44 a share, or $3.7 billion. The "Post" does say talks are still reportedly still far apart, and that bid price, $44, is way above NWAC's close of 35 3/4. We've got Yahoo! up 15 1/2 in the pre-market. You see the close over my shoulder. It's at 121 after reporting better-than-expected results. Biogen up 1 in the pre-market on better-than-expected results. And David and Deborah, Nasdaq 100 futures are seeing a nice gain this morning. If it holds, we may test that 4000 level again this morning.</s>HAFFENREFFER: Sounds terrific, Sasha. Thank you for much.</s>MARCHINI: Thank you, Yahoo! Right. OK, thanks, Sasha.