Big Movers in the Stock Market
Sep. 27, 2002
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NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
SBC Communications Inc., down $1.75 at $20.15
The struggling Baby Bell company said it will slash capital spending and cut 11,000 jobs.
Philip Morris Cos., down $4.87 at $37.86
The company warned that its full-year earnings would fall short of expectations.
Delta Air Lines Inc., down $2.81 at $8.69
The air carrier said its third-quarter results will not meet previous estimates.
Solectron Corp., down 5 cents at $2.16
The electronics manufacturer reported a fourth-quarter loss much larger than the one it incurred in the same period a year ago.
Manugistics Group Inc., down $1.20 at $2.65
The software maker posted a quarterly loss and said its president is resigning and that it would cut staff.
Amkor Technology, up 78 cents at $2.30
Korean conglomerate Dongbu agreed to buy a stake in Anam Semiconductor from Amkor.