How the mighty have fallen. AMD (AMD) hit a low of $14.18. Its 12-month high was $42.70. Troubles at Dell (DELL) and strength in the business at rival Intel (INTC) continue to push the shares down.
Georgia Gulf (GGC) Shares in the chemical company dropped to $18.01. The 52-week was $32.88. Its debt and the housing market have kept pressure on the shares.
Circuit City Stores (CC) The retailer sells a lot of PCs and the market for these has been weak. Piper Jaffray recently cut its rating. Stock trades at $17.74, down from a 52-week high of $31.54.
Anadarko Petroleum (APC) The US Department of The Interior says that Anadarko owes it royalties. The matter is headed to court. According to Reuters, "If Anadarko prevails, the government could lose up to $60 billion in royalties industrywide, according to the U.S. Government Accountability Office." Of course, they may not prevail. Currently at $39.42 off a 52-week high of $56.98.
Hoffmann Offshore (HOFF) The company joins the club again. Low guidance and a poor Q4 continue to drive down the shares. New low–$12.93. A 52-week high of $24.00.
Transmeta (TMTA) On the list again, now down to $.62. Big loss in the fourth quarter and a cut of about 40% of its work force recently. Company can’t find any believers. The 52-week high: $2.37.
Coldwater Creek (CWTR) Shares dropped to $17.62. The 52-week high was $31.26. The specialty retailers sales have lagged.
Acacia Technologies (CBMX) The company acquires and licenses patents. Revenue down in Q4 from the same period a year before. Stock at $.63 against a 52-week high of $2.90.
Douglas A. McIntyre
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