Arrow-right Camera
The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

The Ticker A Look Back At The Past Week On Wall Street

What’s hot

As investors continued to make a killing in the stock market, many this week hunted the fastest game, such as Jabil Circuits Inc., a St. Petersburg, Fla.-based supplier of manufacturing services for circuit board makers and others. With better-than-expected earnings and plans for a 2-for-1 stock split, the stock soared. Jabil closed Friday at $80.56 per share, up $17.31 for the week …. News of a 2-for-1 stock split for shareholders of record July 1 also benefited Cascade Bancorp, of Bend, Ore., whose stock gained $6 per share to finish the week at $37.

What’s not

Adobe Systems Inc. became the latest company hurt by the slipping market share at Apple Computer Inc. Adobe, the San Jose, Calif.-based developer of software that displays documents on computer screens, got bad reviews from several securities firms worried that the company’s customer base was eroding. Adobe stock dropped $6.125 per share for the week, closing at $35.125. Another California technology company, disk-drive maker Seagate Technology, told investors fourth-quarter earnings would be lower than expected because of a weak market for its most expensive products. That drove the stock down $3.125 to close at $36.5.