Illumina Drags Down Rivals After Pulling Forecast on Funding
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Illumina Inc., maker of tools for genetic analysis, fell the most ever after dropping its profit forecast because of concerns that research funding will be reduced, sending shares of rival equipment makers down.
Illumina plunged 32 percent to $27.18 at the close in New York, the biggest decline since the San Diego-based company sold shares to the public in July 2000. Life Technologies Corp. fell