Date updated:08-20-2007
STocks hittin 52 wk low

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ARAY
Accuray Incorpora - $6.00
- +14.07%
- $5.13
Accuray (ARAY ), which makes and distributes robotic radiosurgery systems for tumor treatment, lost 25.9%, to $13.32 Friday. The company said Thursday after the close that revenue rose to $44 million from $21.4 million in the year-ago quarter, but it earned $502,000, or one cent a share, compared to $7.86, or 49 cents a share, in the year-ago quarter. Excluding items, it earned 5 cents a share this quarter. Analysts polled by Thomson Financial had expected 3 cents a share. The stock traded to a 52-week low.

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HSOA
Hsoa - $0.00
- N/A
- $N/A
Home Solutions of America (HSOA) sank Friday on creit concerns. Lenders have still not approved the resolution of a note payable that relates to the company's purchase of its Fireline subsidiary last year. Home Solutions plans to scrap a note payable due to Brian Marshall, who owned Fireline and is now Home Solutions' largest shareholder and a company executive, in exchange for letting Marshall collect certain accounts receivable related to Fireline. The company said Friday that it is in "advanced discussions with its lenders to receive a waiver." If the lenders do not consent to the agreement, then the company will seek to restructure the lending pact in order to comply with the covenants. The company also said it is conducting an independent review of all related-party transactions, such as the ones with Marshall. Home Solutions' quarterly report this week revealed that one of its $100 million contracts was with a company that is 50% owned by Marshall. The stock traded to a 52-week low.

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CTAS
Cintas Cp - $21.73
- -2.07%
- $21.72
The death of an employee earlier this year at one of its laundry plants could be expensive for Cintas Corp. (CTAS) The U.S. Occupational Safety and Health Administration has proposed a fine of $2.8 million for violations at the laundry, in Tulsa, Okla., according to a news release from the U.S. Department of Labor. (bizjournals.com)

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BSX
Boston Scientific - $7.31
- -12.87%
- $7.91
After deciding not to sell off part of its endosurgery group in July, Boston Scientific (BSX) said Friday that it's now considering the sale of its cardiac surgery, which it acquired in its 2006 Guidant transaction, and vascular surgery businesses, which it acquired when it bought Meadox Medicals in 1995. The cardiac surgery business had revenue of $189 million and the vascular surgery made $86 million last year. The stock traded to a 52-week low.

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HMC
Honda Motor Co Ad - $20.20
- -7.38%
- $21.56
Honda Motor Co.'s U.S.-listed shares (HMC) fell 1.6% to $31.45 on Friday, sitting out a broader market advance that was trigged by the Federal Reserve's reduction of one of its main interest rates. In Tokyo, Honda dropped 8.2% and Toyota Motor Corp. fell more than 7% as part of the Japanese stock market's worst decline in seven years.

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QI
Qimonda Ag Ads - $0.83
- -11.70%
- $0.65
American Depositary shares of German memory chip maker Qimonda AG (QI) fell 22 cents to $11.98 in recent trading. The stock, which hit a 52-week low of $11.85 earlier in the day, is down nearly 12 percent for the week. Earlier this month, chip maker Infineon Technologies AG, the company's former parent, said it will lower its stake in Qimonda to less than 50 percent within two years. (AP)
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