Big Movers in the Stock Market
Nov. 12, 1999
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
Vertex Communications, up 6 1/4 at 21 1/16
TriPoint Global Communications of Gastonia, N.C., agreed to acquire Vertex for $118.7 million, or $22 a share. Vertex, based in Kilgore, Texas, makes earth-station equipment for satellite communications.
TRW, up 5 at 50
The Cleveland-based manufacturer hired David M. Cote, a top executive at General Electric, as president and chief operating officer. Cote, who will focus on TRW's $13 billion automotive supply business, had been president and chief executive of GE's appliance division.
McDermott International, down 4 15/16 at 8 5/8
The stock plunged for a second day after the company posted disappointing profits in its latest quarterly report.
CKE Restaurants, up 1 1/8 at 6 1/16
The operator of Carl's Jr., Hardee's and Taco Bueno fast-food restaurants warned late Thursday it will report third-quarter earnings below Wall Street forecasts. CKE, based in Anaheim, Calif., blamed continued weakness in the Hardee's unit.
Intel, down 3 1/4 at 76 3/16
Merrill Lynch downgraded its near-term rating on the semiconductor's stock from ``buy'' to ``accumulate.''
Dell Computer, down 1 11/16 at 41 3/4
The leading seller of personal computers in the United States reported late Thursday a 42 percent gain in quarterly earnings, matching most Wall Street forecasts.
Centura Software, up 1 1/4 at 3 3/8
The maker of database programs announced an alliance with SAP of Germany to develop business software for handheld devices running on Microsoft's Windows CE operating system. Centura is based in Redwood Shores, Calif.