Ford, Interwoven, KVH, Lawson Software: U.S. Equity Preview

By Lu Wang and Whitney Kisling

Oct. 2 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of the close of regular trading.

Standard & Poor's 500 Index futures expiring in December lost 44, or 3.8 percent, to 1,124. Dow Jones Industrial Average futures fell 330, or 3 percent, to 10,557. Nasdaq-100 Index futures slipped 68.25, or 4.3 percent, to 1,510.50.

Ford Motor Co. (F US): The second-largest U.S. automaker said results for its Volvo unit will worsen in the second half of this year from the first half, rather than improve as forecast earlier, because of ``deteriorating economic conditions.'' The shares dropped 4.4 percent to $4.35 in regular trading.

Interwoven Inc. (IWOV US): The provider of data-management software said preliminary results showed third-quarter sales reached as much as $66 million, topping its earlier prediction. Analysts surveyed by Bloomberg estimated $64.2 million on average. The shares dropped 6.1 percent to $12.74 in regular trading.

KVH Industries Inc. (KVHI US): The maker of antennas for satellite television said in a statement of preliminary results that third-quarter profit missed its previous forecast because of lower sales. The stock fell 5.9 percent to $8.40 in regular trading.

Lawson Software Inc. (LWSN US): The maker of business- management programs forecast second-quarter revenue that trailed analysts' estimates and said it's evaluating its outlook for the year that ends in May 2009. The stock lost 4.6 percent to $6.41 in regular trading.

Ryder System Inc. (R US): The largest U.S. truck-leasing company agreed to buy all the assets of Transpacific Container Terminal Ltd. and CRSA Logistics Ltd., including operations in Hong Kong and Shanghai, for an undisclosed amount. The stock fell 5.9 percent to $55 in regular trading.

Saia Inc. (SAIA US): The Duluth, Georgia-based trucking company said it cut jobs by 5 percent in field operations and corporate offices because of a decline in shipping demand. The shares dropped 11 percent to $11.68 in regular trading.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net; Whitney Kisling in New York at wkisling@bloomberg.net;