Emulex Slides on an Earnings Warning

Yahoo turns lower; Amkor Technology drops; plus more of today's stocks in the news

Emulex (ELX ) cut the fourth-quarter EPS guidance to 18 cents (non-GAAP) on lower-than-expected revenue of $85 million to $86 million, citing "tepid" demand from two manufacturers. The maker of adapters used in data storage also sees first-quarter revenue below current Street estimates. JP Morgan cut its rating on the stock to neutral. S&P downgraded to hold from buy.

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