Main market news here.Dell (NASDAQ: DELL) shares are down 0.9% in pre-market after reports about the industry's growth and vendor rankings during the quarter showed that Hewlett-Packard (NYSE: HPQ) maintained its No. 1 spot and lead over Dell, which ranked second.
eBay (NASDAQ: EBAY) shares are rising 1.6% in pre-market trading after reporting financial results yesterday after the close, posting an increase in profit of 52%. Analysts hailed the strong first-quarter results with JP Morgan reiterating its Overweight and Goldman Sachs maintaining its Buy rating while upping the target price to $43. Lehman Brothers, on the other hand, reiterated its Equal Weight on the shares.
Automakers:
- Ford's (NYSE: F) China venture, Changan Ford Mazda, sees 2007 sales up 77%.
- General Motors (NYSE: GM) will unveil an experimental version of its Chevrolet Volt electric car this week at the Shanghai Auto Show that uses a hydrogen fuel cell to extend its range with zero emissions.
- The Wall Street Journal reports that a Toyota's (NYSE: TM) senior executive said that due to increasing investment level, the company will continue to look for ways to expand its collaboration [subscription required] with other auto makers and component suppliers in areas of advanced technology.
General Electric (NYSE: GE) and Omron Corp. announced today they will join forces to develop medical equipment such as bio monitors for Japanese hospitals under pressure to cut costs.
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