Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that moved substantially or traded heavily today on the New York Stock Exchange and the Nasdaq Stock Market.
Network Equipment Technology, unchanged at 9 1/2
The Fremont, Calif.-based company said it plans to cut a third of its work force and take a $12 million restructuring charge.
Lincoln National, up 1 1/16 to 35 13/16
The Philadelphia-based insurance company said it plans to take an additional $11 million in charges in the fourth quarter to strengthen reserves against pension liabilities.
Corn Products, up 1/2 at 24
The Bedford Park, Ill.-based corn refining company said it expects continued earnings growth this year.
Papa John’s International, down 7/16 to 23 3/8
The Des Moines, Iowa-based pizza delivery company said it was seeking a stay against a court ruling that stopped it from using its advertising slogan - ``Better Ingredients, Better Pizza.″
Robert Mondavi, down 4 1/8 to 36 3/4
Donaldson Lufkin & Jenrette Securities downgraded the California winemaker to a ``market perform″ from a ``buy.″
Flextronics International, up 8 1/8 to 54 7/8
The maker of circuit boards and cell phones reported better than expected operating profits in its third quarter ended Dec. 31.