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Subprime Suspect

From lawn care to fast food, every industry is blaming the mortgage meltdown.
Last Trade:Change:
Industry:
Technology
Primary executive:
Mark V. Hurd,
Summary:
The Company is a provider of products, technologies, software, solutions and services to individual consumers, small- and … View More
Last Trade:Change:
Industry:
Telecomm
Primary executive:
S. Douglas Hutcheson,
Summary:
A wireless communications carrier that offers digital wireless service in the United States of America under the 'Cricket' brand. View More
Last Trade:Change:
Industry:
Retail
Primary executive:
Michael W. Rayden,
Summary:
The Company sells apparel, accessories, footwear, lifestyle and girlcare products to fashion-aware, trend-setting tween girls. View More
Last Trade:Change:
Industry:
Manufacturing
Primary executive:
Robert W. Lane,
Summary:
The Company operates through four business segments; agricultural equipment, commercial and consumer equipment, construction … View More
Last Trade:Change:
Industry:
Technology
Primary executive:
Brian L. Halla,
Summary:
The Company designs, develops, manufactures and markets semiconductor products, most of which are analog and mixed-signal integrated circuits. View More
In a recent S.E.C. filing, Silicon Valley chipmaker National Semiconductor cautioned, "Spreading subprime-mortgage failures could affect our future costs and revenues."

Lawnmower giant Deere & Co. warned investors, "The impacts of inflation and subprime-credit issues, which could affect interest rates and the housing market, are also a concern."

Fast-food chain Wendy's, which is exploring the idea of putting itself up for sale, announced late in 2007 that the "subprime-mortgage problems have … greatly curtailed merger-and-acquisition activity."

Leap Wireless, a player in the prepaid-cell-phone market, warned of higher turnover "if recent disruptions in the subprime-mortgage market affect the ability of our customers to pay for their service."

Regarding its disappointing customer traffic, Tween Brands, which runs clothing chains Limited Too and Justice, suggested that a "deterioration of the subprime-mortgage situation … may have exacerbated the decline."

Hewlett-Packard warned of "conditions in the residential real estate and mortgage markets … and other macroeconomic factors affecting spending behavior." 

 



 

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