Stocks Plunge on Budget Fears : Taking a Plunge
Many Orange County stocks followed the market plunge on Monday. Companies with the largest percentage decrease in value:
Cortex Pharmaceuticals: -17.4%
Irvine Drug research, development
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Quality Systems: -11.5%
Tustin Computer systems
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WFS Financial: -10.7%
Irvine Auto loans
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Wonderware: -10.6%
Irvine Computer software
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Smartflex Systems: -9.5%
Tustin Electronic assembly products
List includes only stocks that sell above $2 per share.
Source: Bloomberg News Service
Researched by JANICE L. JONES
INSIDE:
Nearly two-thirds of the 113 companies on the Times’ index of Orange County stocks suffered losses Monday as the stock market took it biggest one-day hit in four years. The Times’ Bloomberg Orange County Index fell 1.8%, its biggest drop since Oct. 9. Volatile high-tech companies were among the hardest hit, but the list of wounded stocks included financial corporations and pharmaceutical firms. D1.