Advent Software Tumbles
IDEC halts trials on experimental drug; Skillsoft to merge with Smartforce; and more stocks in the news
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A L.A. superior court jury votes to award the City of Hope (COH) about $300M in additonal royalties for a breach of pact; a jury will deliberate over damages, if any, to award. Deutsche Bank rates Genentech (DNA ) buy.
Nokia (NOK ) sees second quarter net sales decline of about 2%-6% to about 6.9 billion to 7.2 billion euros vs. earlier guidance of 2%-7% growth. Despite the sales shortfall, it expects EPS (pro forma) to be within earlier indicated range of 0.18-0.20 euros.