Polycom Plays Biggest Morning Loser

Posted in pre-market 
October 21st, 2009

Polycom Inc. (NASDAQ: PLCM) is trading sharply lower this morning.  The communications provider reported that third-quarter earnings fell by about 24% on lower sales.  The company pointed toward sequential revenue growth and a rise in orders. After more than doubling that was not good enough. Shares were down 5.2% at $25.00 on only 35,000 shares in teh after-hours session after earnings.  At 8:54 AM EST we have shares trading down almost 13% at $22.95 on 140,000 shares.  The 52-week trading range is $12.19 to $28.43. -JON C. OGG

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