Savvis Share Price Slump Continues; Stock Could Be Delisted From Nasdaq


NEW YORK: The price carnage for Savvis and its competitors continues. In October, Inside Market Data wrote about the precipitous decline in the share price of Savvis (IMD, Oct. 23). At press time, Savvis' shares were trading at $1.56--down 94 percent from its high of $28, which was recorded on Feb. 15, 2000, the day of its initial public offering.

If the Savvis share price sinks below $1 a share, the company will be delisted from Nasdaq. The exchange requires all common and preferred shares t

To continue reading...