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Monday's Winners & Losers: Level 3

Shares sink 14.2% after the COO resigns.
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Updated from 4:41 p.m. EDT

Shares of

Level 3 Communications


sank 31 cents, or 14.2%, to $1.87 after company president and Chief Operating Officer Kevin O'Hara

stepped down

, effective immediately. Level 3 also terminated its previously disclosed search for a new CFO, saying incumbent Sunit Patel will continue in the role.

Shares of


(VMW) - Get VMware, Inc. Class A Report

declined $3.94, or 7.7%, to $47.51, hitting a new 52-week low.

The stock is down nearly 40% since Jan. 28, when the company

forecast growth

of 50% for 2008, down from a 85% growth rate in 2007.

VMware has been battling increased competition from companies such as


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Shares of the Boston-based economic, financial and management consulting company

CRA International

(CRAI) - Get CRA International, Inc. Report

plummeted 40% on Friday evening's first-quarter earnings forecast. CRA expects earnings per share between 26 cents and 28 cents on revenue of $86 million. Analysts polled by Thomson Financial are looking for 58 cents a share on revenue of $92.5 million. This morning, Stifel Nicolaus downgraded the stock to hold from buy.

Houston, Texas'



, which operates as the Continental Express airline, saw shares tumble 15.3% to $1.89 on fourth-quarter earnings. Excluding charges, the company reported a loss of $27.6 million, or 52 cents a share, vs. a profit of $22.8 million, or 39 cents a share, in 2006. The Street was looking for a loss of 30 cents a share.


(GOOG) - Get Alphabet Inc. Class C Report

fell $19.73, or 4.6%, to $413.62, hitting a new 52-week low.

Other winners and losers also included



AFN (+16.8%),

Art Tech Group


ARTG (+13.5%) and

Thornburg Mortgage



This article was written by a staff member of