Monday, August 01, 2005

SBL shit the bed..again


NEW YORK -- Symbol Technologies (NYSE:SBL) on Monday said its chief executive would resign -- the fourth CEO departure at Symbol since early 2000 ... and the maker of bar code scanners and mobile computers reported another a quarterly loss. CEO Bill Nuti's resignation was to allow him to take the helm at NCR Corp. Symbol fell $1.52 to $10.10. NCR shares fell $1.05 to $33.66, on a day when the broader S&P 500 index is up less than 1 percent.
On his 6pm show about two weeks ago, SBL was a "buy-buy-buy". Today it was a "sell"-with sounds of guy jumping out of the window. Someone had better get that crow ready.

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