5:53 PM ET Jan 12, 2006
SAN FRANCISCO (MarketWatch) - International Business Machines shares fell
in Thursday's extended trading session after the company said that it's facing
a formal Securities and Exchange Commission probe.
The Nasdaq-100 After Hours Indicator, which tracks the evening session of
the index's leading shares, was last down 0.01 point to 1,747.34.
IBM shares fell 1.3% to $82.51 after the company said that the SEC's
informal probe into IBM's disclosures of its expensing of equity compensation
in the first quarter of 2005 is now a formal investigation.
Last June, IBM said it was cooperating with the SEC in an informal
investigation.
Symbol Technologies Inc. shares slipped 1.4% to $12.80 after the company
named Sal Iannuzzi president and chief executive.
Iannuzzi has served as interim president and CEO of the Holtsville, N.Y.-
based maker of mobile information management systems since Aug. 1.
Marshall & Ilsley shares slipped 0.3% to $42.78. The Milwaukee-based
financial services company reported net earnings of $185.3 million, or 78
cents a share, matching analyst expectations, according to Thomson First Call.
Net interest income was $331 million, up from $296.4 million last year.
Jasmina Kelemen is a MarketWatch reporter based in San Francisco.
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