Maxim Integrated Products (MXIM - Get Report) was dropping 5% after the company cut its forecast. The company expects first-quarter revenue to be flat to down 3% from the fourth quarter and earnings of 32 cents to 34 cents a share, excluding charges. Maxim's shares were losing $1.47 to $29.90 before the opening bell.
Hifn (HIFN), a provider of security processors for the networking and storage markets, expects revenue for its fiscal fourth quarter ending Sept. 30 to fall short of expectations by roughly 20%. Hifn said its outlook for fiscal 2007 is unchanged.El Paso Electric (EE - Get Report) said its board has increased its buyback authorization, allowing the company to repurchase up to an additional 2.3 million common shares.