Micromuse Down, Symbol up on Accounting Probes
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The Nasdaq index stayed in above-2000 territory Tuesday, a subdued trading day as the New Year's holiday approached.
The index finished the day at 2009.88, up 3.40, following its close on Monday at 2006.38, the first time it had crossed the 2000 mark since January, 2002. The Dow Jones Industrial Average gave back some of its gains from Monday to close down 24.96 points at 10,425.04. The S&P 500 index rose 16 points to end the session at 1109.64
Shares of software company Micromuse Microsoft Sirius Satellite
tumbled over 12
percent earlier in the day after the company announced it would restate four
years of financials and postpone filing its 2003 annual report over
accounting questions. The shares later recovered to close down about 1
percent at $6.83 on reassuring words from Wall Street analysts.
were up 38 cents on the day to close at
$17.23, after the CEO stepped down as part of the wireless bar coding
company's plan to put a federal accounting probe behind it.
had another up day, adding 6 cents Tuesday to close at $27.52.
and its sole competitor, XM Radio, both rose. The two pricey start-ups offer ad-free, fee-based
radio-by-satellite. Sirius ended yet another day among Nasdaq's most active
at $3.05, up 47 cents or 7 percent. XM Radio, which has more subscribers,
also closed up at $26.72, up 56 cents or just over 2 percent.
Microsoft Sirius Satellite