Movers roundup: Broadcom, SiRF Technology
By
Associated Press
August 26, 2008
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Among the stock activity stories for Tuesday, Aug. 26, from AP Financial News:
NEW YORK (AP) _ Shares of Broadcom Corp. fell Tuesday after an analyst downgraded the telecommunications chip maker saying he expects a deceleration beginning in the fourth quarter that could affect the company's multiple for several quarters.
NEW YORK (AP) _ Shares of SiRF Technology Holdings Inc. hit an all-time low on Tuesday after a judge at the U.S. International Trade Commission recommended that imports of some of SiRF's GPS chips be banned.
NEW YORK (AP) _ A Jefferies & Co. analyst on Tuesday maintained a "Buy" rating on power generator Entergy Corp., saying a deal with New York state authorities is a positive step in the company's plan to spin off its three nuclear plants in New York.
NEW YORK (AP) _ Shares of Parlux Fragrance rose 6 percent Tuesday after an analyst upgraded the company's shares to "Buy" from "Hold," based on strong demand for a new Jessica Simpson perfume.
NEW YORK (AP) _ Psychiatric Solutions Inc. will likely see an increase in patients, boosting revenue and driving both earnings per share and the company's stock price, according to Citi analyst Gary Taylor.