NorthPoint Communications Continues Slide

Author:
Publish date:

NorthPoint Communications (NPNT) was down 15.8% in midmorning, continuing the sharp slide sparked by Verizon's (VZ) - Get Report decision Thursday to cancel its planned purchase of 55% of the Internet access provider. NorthPoint has vowed to challenge Verizon's pullout. NorthPoint, which recently said it would restate third-quarter results, is down more than 90% this month.