Friday, February 19, 2010
Friday premarket (DELL, SLB, SII)
Stock futures are down slightly before this morning's open, likely due to the Fed's nudge upward in interest rates after the close yesterday.
Dell is down 5% in early trading, as people digest its ugly quarter. Despite the horrible margin story, earnings estimates are likely moving upward.
The WSJ reports that oilfield services giant Schlumberger (SLB) is in advanced talks to purchase much cheaper competitor Smith International (SII).
Copyright 2010 AlphaNinja
Posted by Brendan Wagner at 6:28 AM