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Downgrade Debate at Internet Security
Shares of Internet Security Systems(ISSX Quote) sank Tuesday after an analyst downgraded the stock to a sell rating, citing more intense competition in the intrusion-detection market and customer dissatisfaction.
The downgrade brought a heated rebuttal from the company's CEO, who claimed the note was laden with inaccuracies.
ISSX shares fell as much as 8.2% Tuesday before closing down 70 cents, or 5.5%, at $12.09. Shares were at $12.06 in after-hours trading. ...
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