On the upside
Shares of Spreadtrum Communications (Nasdaq: SPRD) continued rising after announcing last week that Samsung selected the company to be a new chipset supplier.
InterDigital (Nasdaq: IDCC) will invest in cellular and non-celllular wireless technologies in order to expand its technology development and licensing business.
DryShips (Nasdaq: DRYS) received a going concern notice after reclassifying $1.8 billion in debt as short-term.
A class action lawsuit was filed against Century Aluminum (Nasdaq: CENX) on behalf of shareholders who purchased the stock between April 24, 2008 and March 2, 2009 inclusive and have lost more than $50,000.
Manitowoc (NYSE: MTW) blamed sluggish demand for forecasting first quarter results that fall far short of estimates, withdrawing its guidance for 2009 and warning that it may be in violation of its debt covenants.
IDC technology researchers expect external disk storage system sales to drop this year. Shares of EMC (Nasdaq: EMC), Hewlett-Packard (NYSE: HPQ) and Dell (Nasdaq: DELL) all fell.
In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plummeted 14 points to 415.
