THE LABJ STOCK INDEX.MARKET DIARY TRACKING 200 SELECTED LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. COUNTY-BASED COMPANIES The LABJ LABJ Los Angeles Business Journal 200 index bounced back last week, rising 2.4 percent. That still leaves the index of locally based stocks down 4.2 percent for the year, but that performance is nowhere near as bad as that of the Nasdaq, which is off 21.1 percent so far this year. The three best-performing L.A.-based stocks last week are all IPOs. Accelerated Networks Inc. jumped 34.5 percent, Simple Technology Inc. gained 28.8 percent and Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corp. rose 26.7 percent. Meanwhile, local dot-coms continued to get hammered ham·mered adj. 1. Shaped or worked with a metalworker's hammer and often showing the marks of these tools: a bowl of hammered brass. 2. Slang Drunk or intoxicated. Adj. on Wall Street. Several online outfits were among the top losers of the week. 3Dshopping.com was the worst hit, losing 73.0 percent of its market value. Year to date, the company's value has plummeted by more than 90 percent. |
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