Midday Decliners From September 17

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Rackspace Hosting Inc RAX -16% - Wednesday morning the company announced they will remain independant, despite M&A chatter surrounding the firm.

PDL BioPharma Inc PDLI -9% The company reported that its independent registered accounting firm, Ernst & Young LLP resigned.

Owens-Illinois Inc OI -7.5% - Pre market Wednesday the company cut EPS guidence by at least 5%.

Sony Corporation ADR SNE -6% - The company raised its net loss forecast for the fiscal year ending in March;  predicts a $2.15B loss.

Adobe Systems Incorporated ADBE -4.2% - On Tuesday after hours the company issued weak fiscal first quarter guidance.

Posted In: Movers
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