Preopen Trading: Futures Trading Higher
Corning(GLW Quote) is trading higher this morning on news it will buy Pirelli's 90% stake in Optical Technologies, a Delaware-based company that makes optical components. Corning was trading at $326.50 on Instinet in preopen action, up from its $325 closing price yesterday.
Cisco (CSCO Quote) owns the other 10% of the company. Cisco was lately trading at $55.75 on Instinet, up from yesterday's $55.19 close.
And after its major tumble yesterday, Eastman Kodak(EK Quote) was making a bit of a comeback this morning. It was recently trading at $45 on Instinet, up from yesterday's $44.50 closing price. The stock lost one-quarter of its value yesterday after it warned that its upcoming quarter's earnings would be lower than previously expected. TheStreet.com took a look at Eastman Kodak's problems in a separate article yesterday. ...
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