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Big Movers in the Stock Market

August 11, 2000

NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.


Pep Boys, down 50 cents at $5.25

The car parts retailer announced second-quarter earnings of 7 cents a share, well below Wall Street analysts’ estimates of 30 cents.

Kellwood Co., down 81.20 cents at $16.688

The clothing manufacturer said second-quarter earnings will fall below analysts expectations due to flat sales.

Philip Morris, up $2.625 at $31.25

A Goldman Sachs analyst said shares of the tobacco and food conglomerate could rise 50 percen to 60 percent this year.


Dell Computer, down $4.062 at $37.688

The computer retailer reported second-quarter earnings per share of 22 cents, beating analysts’ expectations by a penny. But revenues fell below projected figures.

Adaptive Broadband, down $7.625 at $23.125

The company posted a fiscal fourth-quarter loss of 20 cents a share from continuing operations, wider than analysts’ expectations of 17 cents. In addition, an analyst at CIBC World Markets downgraded the company’s stock to hold from strong buy.

Verio, up $1.562 at $58.75

The FBI has resolved U.S. national security concerns over Nippon Telegraph and Telephone Corp.’s planned $5.5 billion acquisition of Verio.

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