advancersĪbiomed shares (ABMD) surged 2 3/4, or 6.9 percent, to close at 42 3/8 Monday after the developer of cardiac-assistance and heart-replacement systems declared a 2-for-1 stock split.Īgilent Technologies (A) rose 6.9 percent after the company said its health-care technologies division will cut about 450 regular employees and another 200 contract workers. Replacing him is Nancy Harvey, former executive vice president of Computer Science Corp.'s health-care group.
Chief Operating Officer William Conroy has left the company to pursue other interests. Replacing Hughes is Martin Petersen, former treasurer of Huntsman Corp. The company’s chief financial officer, Robert Hughes, has become CFO for a TenFold subsidiary, which “is part of an initiative that we will announce in the near future,” said CEO Gary Kennedy. Revenue for the second quarter was $26.4 million, compared with $19 million for the same quarter a year ago.
Including acquisition-related costs, its net loss was $6.5 million, or 19 cents per share. TenFold reported a net loss of $5.3 million, or 16 cents per share, compared with net income of $1.1 million, or 3 cents per share, for the same quarter a year ago. TenFold (TENF) reported a net loss that was greater than expected and also announced executive changes.
Sabre shares closed up 3/16, or 0.7 percent, to 28 7/8. The system will be used by all Citigroup business lines, including Travelers Insurance and Salomon Smith Barney, resulting in more than 11,000 new users around the world. Prior to Monday’s closing bell, Sabre Holdings (TSG) said Citigroup (C) will use Sabre's corporate travel management system.
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