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Technology Stocks News

03 Jun 2011

Seoul Shares End Flat, Shipyards Gains

According to a report from Reuters, Seoul shares ended flat on June 3 due to caution ahead of key U.S. data and a holiday here, with falls in technology stocks like LG Electronics weighing, but modest foreign buying and firm gains in shipyards giving the market support.   Source: Reuters

12 May 2000

Maritime Stocks Take A Dive On Oslo Bourse

The All Share Index in Oslo lost a further 4.2 percent in April, and as in March the main reason for the fall was international repricing of technology stocks. However, shipping and offshore companies were not providing any help for the market, as the Shipping Index fell a solid 5.8 percent during the month. Det Søndenfjeldske (SFJ), Ocean Rig (OCR) and Stolt Comex Seaway (SCS and SCSA) all fell between 14 and 19 percent, leading the way down for offshore stocks. The share price of Det Søndenfjeldske has dropped almost 25 percent during the last two months. Also Smedvig A (SME), Petroleum Geo-Services (PGS) and TGS Nopec (TGS) saw their market values fall in April. The three stocks fell 1.1, 5.4 and 5.7 percent respectively.

18 Apr 2001

General Dynamics Posts 15 Percent Jump in 1Q Profits

General Dynamics Corp., builder of nuclear submarines, tanks and destroyers, on Wednesday posted a 15 percent jump in first-quarter profits driven by strength in its combat systems and civilian aerospace operations. The company also boosted its full-year profit target on the back of those stronger-than-expected quarterly results, noting the apparent U.S. economic slowdown had not affected sales at its major divisions. General Dynamics, the nation's fourth-largest defense contractor, reported earnings of $212 million, or $1.05 per share, for the quarter, excluding a tax adjustment. After the adjustment, profit totaled $240 million, or $1.19 per share, compared with $184 million, or 91 cents per share, a year ago.