Microsoft Down on Pre-Market Instinet
DEBORAH MARCHINI, CNN ANCHOR: The markets don't open for more than three hours, but shares of Microsoft are already trading in the pre-market. Jen Rogers has details live from the Instinent -- Jen.</s>JEN ROGERS, CNN CORRESPONDENT: Good morning, Debbie. That's right, this is on light volume, but we are seeing Microsoft shares extend their gains from the regular session yesterday. They were up $1.60, right now up 41 cents, at $73.15. Again, this is on light volume. Honeywell shares haven't started moving yet, but they were very active last night here. They dipped down sharply, down about $3.20, after reports that the European Union has rejected GE's 11th-hour proposal to get regulatory approval for the acquisition of Honeywell. Right now we do have a bid on Honeywell at $36. If it did open there, that would be down $2.20. So definitely one to watch. No trades on GE yet either. PMC-Sierra coming out last night as the fourth communications chip company to warn, basically, this week. They are coming out saying they are going to post a wider-than-expected loss for the second quarter. You see it there: down 88 percent from their 52-week high. It was very active last night. It dipped down $2.15, and then it reversed, headed up into positive territory. So we'll have to keep an eye for where that opens this morning. Liberate -- this company makes interactive television software -- came out posting a narrower-than- expected loss for the fourth quarter, revenues is up 77 percent from a year-ago levels. And they did not warn on the first quarter, saying they will basically be in line -- and we'll have to see where that one begins trading. And finally, Ingersoll-Rand company coming out and warning. This is a diversified industrial company. They came out saying earnings will be 25 to 30 percent below estimates right now -- Debbie.</s>MARCHINI: All right, thank you, Jen. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com