Short Take: Netcom shares hit low
Shares of Netcom hit a 52-week low after an analyst cut his ratings, according to a Bloomberg news report. Netcom's stock fell nearly 15 percent to close at 9-3/4 after Credit Suisse First Boston downgraded the stock to "hold" from "buy." The analyst cited the company's slow introduction of a new Internet service plan announced in December that would refocus the company on small and medium-sized businesses.
Shares of hit a 52-week low
after an analyst cut his ratings, according to a Bloomberg news report.
Netcom's stock fell nearly 15 percent to close at 9-3/4 after Credit Suisse First Boston
downgraded the stock to "hold" from "buy." The analyst cited the company's
slow introduction of a new Internet service plan announced in December that
would refocus the company on small and medium-sized businesses.