was down 7.6% in preopen
trading. After Tuesday's close, the company warned that fourth-quarter earnings would be in the 20-cent to 22-cent per-share range, possibly falling short of the
Thomson Financial/First Call
consensus of 22 cents.
The company also said it would cut its workforce by 400, or 10%, and announced a 20 million share buyback.
Credit Suisse First Boston
downgraded the stock to buy from strong buy and
cut it to market outperformer from its recommended list.