Shares of Analogic(ALOG Quote) were among technology's losers Monday, sliding 12% after the maker of security imaging systems said its chief executive plans to leave at the end of the year.
John Wood, who has served as CEO since August 2003, will retire Dec. 31. Analogic said that it has hired Korn/Ferry to search for a successor to Wood. Meanwhile, the company named Bernard Gordon as executive chairman and John Tarello, Analogic's former chairman, as vice chairman. Shares recently were trading down $5.85 to $52.37.
CDC(CHINA Quote) rose 6% after the software company said that it would sell $168 million of senior exchangeable convertible notes due 2011 to institutional investors. The company plans to use proceeds from the offering for acquisitions, game development, and other general purposes. Shares were up 42 cents to $7.25. ...
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