Weak Opening

  • December 26, 2001
  • Greg Che

Stocks appeared set to open lower
Wednesday.

Zale Corp
(
ZLC |
Quote |
Chart |
News |
PowerRating) was upgraded by
Goldman Sachs from Market Perform to Market Outperform and upped the company’s
earnings estimates from $2.80 to $2.85.

Robertson Stephens stated that CSG
Systems’
(
CSGS |
Quote |
Chart |
News |
PowerRating) forecasts on the acquisition of Lucent’s
(
LU |
Quote |
Chart |
News |
PowerRating) Kenan
Systems unit is aggressive and that the acquisition raises the company’s risk
profile.

Visible Genetics
(
VGIN |
Quote |
Chart |
News |
PowerRating) has
closed its private placement of 2.64 million shares for proceeds of $22 million
or $8.34/share.

 

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