* Cendant Corp. – fell as low as $12.54 in after-hours (vs. $12.98 in regular trading). The travel and real-estate services company said it will earn $1.35 to $1.37 a share this year, less than the $1.42 average estimate.
* Boston Scientific Corp. – fell as low as $40.20 in after-hours trading (vs. regular close of $41.68). The maker of heart stents, tubes used to keep blood vessels open after heart surgery, had first-quarter profit of 28c a share before items. On that basis, First Call had expected 29c.
* Cerner Corp. – rose as high as $18.60 in after-hours trading (vs. regular close of $18). The software maker said in a statement that it will buy back as much as $40mio of common stock.
* Intel Corp. – will cut prices of its fastest microprocessors by as much as 38%
* Microsoft Corp. – Barron’s reported that stock compared with its sales and earnings growth rate may not be enough to merit its P/E of 33. Also says that company is now more like a utility than a technology company, and so more dependent on the general state of the economy.