Vonage Among Stock Market's Big Movers
posted 4:03 pm Mon October 08, 2007 - NEW YORK
Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSEVonage Holdings Corp., up $1.12 at $2.27
The Internet phone company and Sprint Nextel Corp. said they settled a patent suit. Vonage will pay Sprint $80 million, and Sprint agreed to license Vonage a portfolio of more than 100 patents.
Ryder System Inc., down $3.60 at $45.65
The trucking company reduced its third-quarter and full-year profit forecast because of worse-than-expected results in its U.S. fleet management solutions business.
AK Steel Holding Corp., up $4.54 at $47.52
The company and a group of retirees at its Middletown Works plant settled a lawsuit over a plan to have retirees contribute to health care premiums.
NASDAQBusiness Objects SA, up $7.39 at $57.66
German software company SAP AG late Sunday announced a bid of $6.79 billion for the French company Business Objects SA. SAP's offer was a 20 percent premium over Business Objects' closing price on Friday.
Broadcom Corp., up $1.98 at $39.28
The communications chip maker said Samsung Electronics Co. is shipping new mobile phones using Broadcom chips to countries in Europe, Asia, Africa, Australia and elsewhere.
Edge Petroleum Corp., down $2.99 at $9.75
The independent energy company reduced its production forecast for the third quarter and full-year due to drilling problems and temporary suspensions at sites in Texas, Mississippi and Arkansas.
The Internet phone company and Sprint Nextel Corp. said they settled a patent suit. Vonage will pay Sprint $80 million, and Sprint agreed to license Vonage a portfolio of more than 100 patents.
Ryder System Inc., down $3.60 at $45.65The trucking company reduced its third-quarter and full-year profit forecast because of worse-than-expected results in its U.S. fleet management solutions business.
AK Steel Holding Corp., up $4.54 at $47.52
The company and a group of retirees at its Middletown Works plant settled a lawsuit over a plan to have retirees contribute to health care premiums.
NASDAQBusiness Objects SA, up $7.39 at $57.66
German software company SAP AG late Sunday announced a bid of $6.79 billion for the French company Business Objects SA. SAP's offer was a 20 percent premium over Business Objects' closing price on Friday.
Broadcom Corp., up $1.98 at $39.28
The communications chip maker said Samsung Electronics Co. is shipping new mobile phones using Broadcom chips to countries in Europe, Asia, Africa, Australia and elsewhere.
Edge Petroleum Corp., down $2.99 at $9.75
The independent energy company reduced its production forecast for the third quarter and full-year due to drilling problems and temporary suspensions at sites in Texas, Mississippi and Arkansas.
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