Business Services Industry
State College, Pa.-Based Broadband-Equipment Firm Leads Region in Stock Gains.
Knight Ridder/Tribune Business News, March, 2004
By Pamela Gaynor, Pittsburgh Post-Gazette Knight Ridder/Tribune Business News
Mar. 29--Aside from signs of economic recovery, investors looked last year for earnings gains and big themes and seemed to find both in C-Cor.net Corp., crowning it king among stocks of local interest for 2003.
The State College-based broadband equipment supplier saw its shares soar 235 percent, partially on improving profits as its fiscal year began in mid-2003 and because technology stocks began rebounding from a multiyear slump.
C-Cor bested performances of both the Standard & Poor's 500, a broad measure of market performance that rose 26.4 percent in 2003, and the Standard & Poor's Communications Equipment index, which gained 65 percent.
The...
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