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Tech Winners & Losers: Deutsche Telekom
05/08/08 - 02:16 PM EDT
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The downgrade also took its toll on Sprint NextelS, whose shares were down 34 cents, or 3.7%, to $8.82. Deutsche Telecom, which reported its results earlier in the day, did not address speculation of a possible buyout of Sprint Nextel, which likely affected investor sentiment. Online travel site OrbitzOWW shed 78 cents, or 10%, to $7.03 after the company reported a loss in its first quarter as domestic travel bookings declined. Gross domestic bookings fell about 6% in the quarter to $2.4 billion. An analyst at Piper Jaffray downgraded the stock to neutral to buy following the results.
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