BUSINESS NOTES AMPLIFIER MAKER ACCUSED OF FRAUD.CAMARILLO - California Amplifier Inc. has been sued for allegedly disclosing financial results for the fiscal year 2000 that were materially false and misleading, it was announced Friday. The company and certain of its senior officers have been accused of violating securities laws by a client of Lockridge Grindal Nauen PLLP PLLP Professional Limited Liability Partnership (business operating entity) and Wolf Popper An early Unix POP server, which was written at the University of California at Berkeley. LLP LLP - Lower Layer Protocol in a class-action lawsuit brought in the U.S. District Court for the Central District of California. The lawsuit was brought on behalf of all persons who purchased California Amplifier common stock on the open market between April 7, 2000, and March 28, 2001. - Daily News KB Home dividend to be paid in May KB Home has declared that a quarterly cash dividend on its common stock will be payable on May 25 to shareholders of record on May 11, 2001. The dividend is 7 1/2 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The Los Angeles-based company is one of the nation's premier home builders, with operating divisions in California and several Southwest states. The company's majority owner is Kaufman & Broad S.A., one of the largest home builders in France. - Daily News Huntway wants delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. review NEWHALL - Huntway Refining Co. plans to request a review of a determination by the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. to delist its common stock, the company said. The company that operates two refineries at Wilmington and Benicia, Calif., announced on March 20 that it had agreed to be acquired by Valero Energy Corp. for an enterprise value of about $78 million, or $1.90 in cash for each share of common stock. Huntway, whose stock closed Friday at $1.83 per share, is considering its alternatives if the NYSE NYSE See: New York Stock Exchange does not reverse its decision on delisting or if the Valero transaction does not close before the delisting. - Daily News Magazine names Syncor in its top 3 WOODLAND HILLS - Syncor International Corp. said Friday that it has been named by Business Week as a top performer among S&P SmallCap 600 Index companies. Syncor was ranked third out of the 600 companies making up this index. To determine its rankings, Business Week ranked the stocks in the index by one- and three-year stock market performance as of Feb. 16, 2001. Business Week then added these two rankings to develop the overall ranking. Syncor International Corp. provides services for nuclear pharmacy Nuclear Pharmacy involves the preparation of radioactive materials that will be used to diagnose and treat specific diseases. It was the first pharmacy specialty established in 1978 by the Board of Pharmaceutical Specialties. , medical imaging, niche manufacturing and radiotherapy. - Daily News RadioShack stock dips after warning FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. - Electronics retailer RadioShack Corp. warned Friday of lower first-quarter profits because of smaller gross margins in sales of satellites, computers and some wireless phone offerings. Investors responded by sending shares down 26.5 percent. Earnings per share for the Fort Worth-based company are expected to drop to between 31 cents to 33 cents for the first quarter of 2001, down from 34 cents during the same period last year, the company said Friday. - Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. New sell-off hits Motorola stock CHICAGO - Motorola Inc.'s already-ailing stock crumbled 23 percent to an eight-year low Friday in a frenzied sell-off touched off by fears it will report more bad news next week and speculation - strongly denied by the company - that it's running out of cash. The problems led to increased speculation that Motorola might have its credit rating reduced. After seeing its shares plunge 30 percent in six hours of trading, wiping out about $10 billion in on-paper value, the telecommunications giant issued a statement with 20 minutes left in the session declaring that despite its problems: ``Motorola today is financially sound.'' - Associated Press |
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