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Morning stock check: PG&E up, VMware down
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Related Topics: SAN FRANCISCO
SAN FRANCISCO (Map, News) - Stocks of PG&E Corporation (PCG) were up in early trading Thursday morning by more than eight tenths of a percent. Not far behind were local gadget giant Apple Inc. (AAPL), up roughly three quarters of a percent, and KLA-Tencor Corporation (KLAC) also up nearly a third of a percent.
On the other hand, VMware, Inc. (VMW) was down more than 2.6 percent in early trading, with Autodesk, Inc. (ADSK) and SunPower Corporation (SPWR) also down more than a percent each.
The usual band of heavy-hitters were trading at the highest volume Thursday morning, with 4.65 million shares of Cisco Systems, Inc. (CSCO) trading hands. Apple Inc. and Intel Corporation (INTC) were not far behind, trading 4.62 million and 3.54 million shares, respectively.
Overall, the Dow Jones Industrial Average had been, for the most part, trending downward since the start of business Thursday morning. Though it was down approximately half a percent, it was trending upward again as the morning progressed.
In other stock news, PG&E Corporation announced Thursday it would acquire more than a quarter stake in natural gas provider El Paso Corp. in a $2 billion natural gas pipeline project. Also, a stock analyst has lowered revenue estimates for Yahoo Inc. (YHOO) on a pending deal with AT&T Inc. (ATT), in which the Internet giant would become the default search engine for AT&T wireless users.
Comments from Examiner Readers
8:35 AM MST on Thu., Nov. 8, 2007 re: "Morning stock check: SanDisk up, eBay down"
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3:28 PM MST on Wed., Nov. 7, 2007
re: "Morning stock check: SanDisk up, eBay down"
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7:11 PM MST on Thu., Nov. 1, 2007
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10:01 PM MST on Mon., Oct. 22, 2007
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3:35 PM MST on Mon., Oct. 22, 2007
re: "Morning stock check: SanDisk up, eBay down"
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Examiner Reader said:
in my experience. Tried EBAY a few times. Every time it summed up as ME posting stuff and paying to post it and getting NO sale. I now use Craigs list exclussively. Sold my car through Craigs few months back took 3 days and got like multiple calls from real buyers. Craigs was way Cheaper AND much better results - made it a nobrainer. Anyone says different must be an investor or employee of EBAY. This seller never using Ebay again ever.
195 agree | 213 disagree
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Examiner Reader said:
It's ironic that some people fault E-Bay for "being greedy and making money," when in fact it's the people who use E-Bay to try to sell their wares who are "being greedy and making money." I guess if a business tries to maximize their profit, it's bad, but if a private citizen tries to do the same, then that's how capitalism works.
205 agree | 230 disagree
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Examiner Reader said:
Ebay has gotten greedy and is also trying to FORCE everyone to use PayPal to get more money from the seller. J K
198 agree | 209 disagree
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Examiner Reader said:
Absolutely agree, The fees make it largely unprofitable to sell anything anymore. It's also the reason you see a lot of items with a value of $65.00 selling for $1.00 but carrying freight charges of $60.00. You don't pay fees on the freight. It's against ebay policy, but everyone does it (even though ebay encourages you to turn violators in through the new feedback system). It's also become a haven for Phishers and Nigerian Scammers. Ebay can't end the fraudulent auctions fast enough. They've definitely lost their lustre. I hardly buy or sell anything over there anymore. The've just become GREEDY.
235 agree | 246 disagree
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Examiner Reader said:
I hope eBay goes to HELL!! They are like Wal-Mart in every sense. Profits, profits and more profits. The employees/sellers can get lost as far as either of the companies are concerned. It is truly all about the money.
252 agree | 215 disagree
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