Austriamicrosystems, Cicor, Swisscom: Swiss Equity Preview
The following is a list of companies whose shares may have unusual price changes in Zurich. Stock symbols are in parentheses after company names. Share prices are from the last close.
The Swiss Market Index of the biggest and most actively traded companies lost 1.1 percent to 6,559.66. The broader Swiss Performance Index slipped 1.1 percent to 5,880.81.
Austriamicrosystems AG (AMS SW): The Austrian chipmaker whose shares are listed in Switzerland said revenue climbed 53 percent to 209.4 million euros ($282.4 million) last year and it “sees the current positive business environment continuing in 2011.” The share rose 0.3 percent to 48 Swiss francs.
Cicor Technologies (CICN SW): -- The Swiss circuit-board maker’s microelectronics division won three orders worth a total of 3 million euros. The orders are for the manufacture of highly specialized microelectronic modules for position sensor systems to be used in the defense industry, Cicor said. The stock dropped 0.4 percent to 46.15 francs.
Feintool International Holding AG (FTON SW): The Swiss metal-cutting machinery supplier’s founder and biggest shareholder, Fritz Boesch, said in a statement that he’s keeping his options open after Artemis Beteiligungen III made an offer to buy the company. Shares rose 1.4 percent to 356 francs.
Swisscom AG (SCMN VX): Switzerland’s largest telecommunications company said the volume of its mobile communication network quadrupled in 2010, Handelszeitung reported, citing an interview with Chief Executive Officer Carsten Schloter. Swisscom fell 0.3 percent to 414.40 francs.
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