Dell, Fujifilm, Magma, Marvell, Sigma: U.S. Equity Preview

By Jeff Kearns

Aug. 29 (Bloomberg) -- The following companies may have unusual price changes in U.S. markets. Stock symbols are in parentheses after company names, and prices are as of 8:30 a.m. in New York, unless stated otherwise.

Dell Inc. (DELL US) dropped 10 percent to $22.58. The world's second-largest personal-computer said second-quarter net income fell 17 percent to $616 million, or 31 cents a share, missing the 36-cent average of estimates compiled by Bloomberg.

Fifth Third Bancorp (FITB US) rose 1 percent to $15.51. Ohio's second-largest bank would be a possible merger partner with BB&T Corp. (BBT US), North Carolina's third-largest bank, said Richard Bove, an analyst at Ladenburg Thalmann & Co., in a note to clients. BB&T's John Allison, who will retires as CEO at the end of the year wile remaining chairman, yesterday said his bank may buy more community lenders after the housing market stabilizes next year. BB&T was unchanged at $29.22.

Fujifilm Holdings Corp. (FUJI US) lost 7.4 percent to $28. The world's biggest maker of liquid-crystal display film cut its annual outlook, prompting UBS AG and Mizuho Securities Co. to reduce their ratings.

Marvell Technology Group Ltd. (MRVL US) declined 1.1 percent to $14.60. The maker of chips for the BlackBerry and iPhone reported second-quarter profit of 15 cents a share, trailing by 30 percent the average of 21 analysts' estimates in a Bloomberg survey.

Magma Design Automation Inc. (LAVA US) lost 15 percent to $4.70. The maker of software for the semiconductor industry reported a loss of 4 cents a share. Analysts had forecast a loss of 2 cents, the average of three estimates in a Bloomberg survey.

Novell Inc. (NOVL US): The second-largest U.S. seller of Linux software reported a wider third-quarter loss because of a charge related to its investments. The net loss of $15.1 million, or 4 cents a share, compared with a loss of $3.68 million, or 1 cent, a year earlier. The shares slipped 2.5 percent to $5.86 in extended trading yesterday.

PetSmart Inc. (PETM US) gained 4.8 percent to $25.60. The largest U.S. pet store chain posted second-quarter profit that topped analysts' estimates by 5.6 percent, according to Bloomberg data.

Sigma Designs Inc. (SIGM US) lost 8.9 percent to $16.20. Yesterday's forecast from the maker of chips for Internet television set-top boxes and Blu-ray video players was ``soft,'' according to Deutsche Bank AG, which cut its share-price forecast by 17 percent to $25 and its 2009 profit forecast by 15 percent to $1.37 a share.

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net.