Imation (IMN) Computer storage products maker has poor earnings, gets downgraded by Baird, and makes expensive acquisition. Three strikes and you’re out. Stock drops to $35.69. The 52-week high was $49.20.
Georgia Gulf (GGC) Chemical and home improvement company still having fall-out from bad quarter. Returns to the club. Moves down to $14.85 from 52-week high of $32.88.
TVI (TVIN) All hell breaks loose at this supplier shelters and protective equipment to Homeland Security Dept. Company says the quarter will be bad. CEO and another top officer leave. At least they put a retired Lieutenant General in charge. Shares off 21% to $1.05 from 52-week high of $3.88. Salute when you say that.
Spansion (SPSN) Flash memory is not a good business to be in now. Big Q1 loss and cost cuts. Drops to $9.73 from 52-week high of $18.59.
Power-One (PWER) The company which makes power conversion products used in electronic equipment misses forecasts. Drops to $4.29 from 52-week high of $8.15.
Douglas A. McIntyre