Photon Dynamics Drops
Fred's climbs on an upgrade; Tektronix advances; plus more of today's stocks in the news
This article is for subscribers only.
Photon Dynamics (PHTN ) sees a 15 cents to 23 cents first quarter loss on lower than expected sales of $19 million to $21 million, citing technical delays in new product introduction. S&P keeps hold. The company provides repair and testing services for the flat-panel display manufacturing industry.
Qwest Communications (Q ) announced that noteholders voluntarily dismissed a complaint filed in connection with the company's $12.9 billion debt exchange. Kaufman Brothers reiterates buy.