Molex (MOLX) was down 5.7% in mid afternoon. After the close Thursday the electronic components manufacturer said it will cut its staff by 8%, close three plants and take a $42 million charge. The company said demand has been weak.
Credit Suisse First Boston
lowered its earnings estimates for the company.
downgraded it and another electronics maker,
, to mid-term neutral from accumulate. Amphenol was down 5.2%.