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BUSINESS BRIEFS.(TO THE POINT)
IPOs
2 tech firms enjoy strong debuts
Computer memory chip maker Saifun Semiconductors soared 50% to 35.30 on its first day of trading. Investors appeared confident that it will quickly gain share in the nearly $20 bil flash-memory market. Meanwhile, shares of iRobot, the world's largest maker of mobile robots for the consumer market, rose 11% to 26.70 in its debut.
** Two IPOs got mixed receptions, with pharmaceutical CombinatoRx rising 12% to 7.85 and oil and gas pipeline operator Boardwalk Pipeline Partners slipping 3% to 18.95.
MEDICAL
King Pharma up on branded drugs
Shares of the drug manufacturer rose 5.5% to 17, …
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News wire article from: Asia Africa Intelligence Wire
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News wire article from: Asia Africa Intelligence Wire
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News wire article from: Europe Intelligence Wire
May 22, 2006
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