iHub News
4週前
Qnity Electronics (Q) Shares Rise After Strong Earnings Beat and Upgraded OutlookMay 12, 2026 8:52 AM
IH Market News Shares of Qnity Electronics Inc. (NYSE:Q) moved higher in pre-market trading on Monday after the semiconductor technology company reported first-quarter results that comfortably exceeded Wall Street expectations, supported by continued strength in artificial intelligence and advanced computing demand.The stock gained 3.6% following the earnings release.Qnity posted adjusted earnings per share of $1.08 for the quarter, well above analyst forecasts of $0.58. Revenue reached $1.31 billion, rising 18% year-on-year from $1.12 billion in the same period last year, while organic sales increased 17%.Quarterly revenue also came in ahead of market expectations. AI and Advanced Computing Demand Drives Growth The company attributed the strong performance to sustained demand across its portfolio of advanced semiconductor technologies, packaging solutions and thermal management products.“Qnity had a tremendous start to the year, outperforming our expectations and delivering our eighth consecutive quarter of strong profitable organic growth with double-digit gains in both segments,” said Jon Kemp, Chief Executive Officer.“These results reflect the strength of our integrated portfolio spanning advanced chips, advanced packaging and interconnects, and thermal management,” he added.Adjusted operating EBITDA increased 22% year-on-year to $411 million, while adjusted earnings climbed 33% to $226 million.Both of the company’s operating divisions delivered double-digit organic growth during the quarter. Revenue from the Interconnect Solutions segment jumped 25% to $593 million. Company Raises Full-Year 2026 Guidance Following the stronger-than-expected quarter, Qnity increased its full-year fiscal 2026 guidance across all major financial metrics.The company now expects adjusted EPS in a range of $3.80 to $4.14, with the midpoint of $3.97 exceeding analyst consensus estimates of $3.81.Qnity also raised its revenue outlook, forecasting full-year sales between $5.225 billion and $5.375 billion. The midpoint of $5.30 billion stands above current market expectations of $5.12 billion. Higher Interest Costs Weigh on GAAP Earnings Despite the strong adjusted performance, GAAP earnings per share declined to $0.72 from $0.92 in the prior-year quarter.The company said the decrease was primarily linked to higher interest expenses associated with its standalone debt structure following its spin-off from DuPont.Qnity Electronics stock price Original: Qnity Electronics (Q) Shares Rise After Strong Earnings Beat and Upgraded Outlook
US Market News
2月前
Qnity Announces Second Quarter 2026 Dividend on Common StockApril 15, 2026 6:30 AM
Business Wire
Qnity Electronics, Inc. (“Qnity”) (NYSE: Q), a premier technology solutions leader across the semiconductor value chain, announced that its Board of Directors has declared a quarterly dividend of 0.08 cents ($0.08) per share for each share of issued and outstanding common stock of the Company (par value $0.01 per share). The dividend will be payable on June 15, 2026 to stockholders of record on May 29, 2026.
Learn about how Qnity is powering the next leap forward at www.qnityelectronics.com.
About Qnity
Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about the company, its businesses and solutions can be found at www.qnityelectronics.com.
Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” that describe or relate to Qnity's current views with respect to business plans or prospects, future operating or financial performance, future use of cash and dividend payments, and other future events. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of Qnity's control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning risks and uncertainties can be found in Qnity's filings with the U.S. Securities and Exchange Commission (the “SEC”), including Qnity's registration statement on Form 10 and current reports on Form 8-K and future filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. Qnity does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260415586411/en/
Investor Contact
Meg Miller
Investors@qnityelectronics.com
Media Contact
Ashley Boucher
ashley.boucher@qnityelectronics.com
Original: Qnity Announces Second Quarter 2026 Dividend on Common Stock
US Market News
2月前
Qnity Schedules First Quarter 2026 Earnings Release and Conference CallApril 6, 2026 4:15 PM
Business Wire
Qnity Electronics, Inc. (“Qnity”) (NYSE: Q), will release its first quarter 2026 financial results before the opening of the market on Tuesday, May 12, 2026. In addition, the company will host a conference call at 8:00 a.m. ET that day.
Investors can join the conference call via telephone by dialing (800) 343-5172 (domestic) or +1 (203) 518-9856 (international) and using the participant code QNITY. An audio-only live webcast and presentation materials, along with a replay, will be made available at Events | Qnity Electronics, Inc. (Q).
About Qnity
Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about the company, its businesses and solutions can be found at www.qnityelectronics.com.
Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260406373736/en/
Investor Contact
Meg Miller
Investors@qnityelectronics.com
Media Contact
Ashley Boucher
ashley.boucher@qnityelectronics.com
Original: Qnity Schedules First Quarter 2026 Earnings Release and Conference Call
US Market News
3月前
Qnity Collaborates with NVIDIA to Accelerate Innovation for Semiconductor and Advanced Electronics MaterialsMarch 18, 2026 4:15 PM
Business Wire
Collaboration brings accelerated computing to materials research across the semiconductor value chain
Qnity Electronics, Inc. (“Qnity”) (NYSE: Q), a premier technology solutions leader across the semiconductor value chain, today announced a collaboration with NVIDIA to accelerate AI-driven innovation using open NVIDIA Nemotron 3 Nano, ALCHEMI BMD NIM, LAMMPS Kokkos, and CUDA-X accelerated Abaqus for modeling and simulation technologies. The collaboration is focused on advancing materials research and development to support next-generation AI, high-performance computing, and advanced packaging technologies. Maintaining signal integrity at higher speeds and densities is critical to system performance and reliability.
“As AI workloads continue to grow in scale and complexity, the demand for advanced materials that deliver higher performance, quality, and reliability is increasing across the industry,” said Jon Kemp, Chief Executive Officer, Qnity. “The next wave of progress will depend on bold innovation and close collaboration across the ecosystem.”
The initiative reflects Qnity’s continued focus on advancing materials innovation across the semiconductor ecosystem, from chip manufacturing and advanced packaging to high-speed interconnects and system-level integration, while helping customers address the evolving demands of AI-driven workloads.
“Open innovation means staying ahead of the curve, anticipating industry’s needs before they become requirements, and our job in R&D is to see around corners,” said Randy King, Chief Technology and Sustainability Officer, Qnity. “Leveraging accelerated modeling allows us to compress development timelines and bring innovation for cutting-edge applications to market faster, while optimizing performance factors such as signal integrity, reliability, and manufacturability. For decades, our customers have counted on us for quality innovation that scales quickly to meet their needs.”
Learn more about how Qnity is powering the next leap forward at qnityelectronics.com.
About Qnity
Qnity™ is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about the company, its businesses and solutions can be found at www.qnityelectronics.com.
Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318542283/en/
Qnity Media Contact
Ashley Boucher
ashley.boucher@qnityelectronics.com
Original: Qnity Collaborates with NVIDIA to Accelerate Innovation for Semiconductor and Advanced Electronics Materials
US Market News
3月前
Qnity Expands Domestic Manufacturing Footprint to Accelerate Semiconductor Industry GrowthMarch 11, 2026 4:10 PM
Business Wire
New facility scales critical CMP materials production to meet rising demand from AI and high-performance computing
Qnity Electronics, Inc. (“Qnity”) (NYSE: Q), a premier technology solutions leader across the semiconductor value chain, today celebrated the opening of its new 385,000-square-foot facility with a ribbon-cutting ceremony in Newark, Delaware.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311679099/en/Qnity leaders and government officials, including Delaware Governor Matt Meyer, celebrate the opening of Qnity's new 385,000-square-foot facility with a ribbon-cutting ceremony in Newark, Delaware.
The new facility, part of a multi-year investment to expand advanced manufacturing, increases capacity to meet rising demand for semiconductor materials driven by the rapid growth of AI, high performance computing, and advanced connectivity — all of which are contributing to the semiconductor industry's projections of $1 trillion in global revenue in the next few years.
“The expansion of Qnity’s domestic manufacturing footprint further strengthens our operational agility to meet ever-shifting customer needs, ensure global and regional capacity, and advance collaborative innovation through strategic investments,” said Jon Kemp, Chief Executive Officer at Qnity.
The location is home to a newly commissioned manufacturing line producing components for Qnity’s leading chemical mechanical planarization (CMP) pads, the polishing discs used for smoothing the chip’s surface during fabrication, an area in which Qnity is a leader in the global supply chain.
The line provides enhanced reliability and quality improvements essential for the use of CMP pads at the most cutting-edge, advanced nodes, where the complexity of AI chip fabrication requires more CMP steps per wafer during production, a source of major growth potential for CMP materials in the era of AI transformation.
Attended by Delaware Governor Matt Meyer and other government and community leaders and partners, the ceremony officially commemorated the opening of the new facility’s first manufacturing line.
“Delawareans win the future when we build the things that power next generation technologies for the world,” said Governor Matt Meyer. “Qnity is doing just that, which means more jobs and more opportunity, and reminds us that Delawareans are manufacturing the future of semiconductors and advanced electronics right here, outside Newark."
Visit qnityelectronics.com to learn more about how Qnity is powering the next leap in electronics.
About Qnity
Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about the company, its businesses and solutions can be found at www.qnityelectronics.com.
Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260311679099/en/
Media Contact
Ashley Boucher
ashley.boucher@qnityelectronics.com
Original: Qnity Expands Domestic Manufacturing Footprint to Accelerate Semiconductor Industry Growth
US Market News
3月前
Qnity Announces $61.5 Million Investment in New Advanced Semiconductor Research & Manufacturing FacilityMarch 6, 2026 6:00 AM
Business Wire
Expansion strengthens local-for-local footprint and accelerates capacity to meet growing advanced-node and advanced packaging demand
Qnity Electronics, Inc. (“Qnity”) (NYSE: Q) today announced the acquisition of a new facility in Taiwan, to accelerate capacity and support continued customer demand across the global semiconductor industry. The $61.5 million advanced semiconductor research and manufacturing facility marks a significant investment in Qnity’s growth to keep pace with customer demand.
The new facility will support the production of the most advanced chip manufacturing applications. The site will feature production areas, state-of-the-art clean rooms, warehousing infrastructure, research labs and dedicated office space designed to enable high-performance manufacturing at scale.
This site expands Qnity’s existing presence in the Hsinchu Science Park, and the new facility strengthens the company's commitment to maintaining manufacturing sites near customers in key geographies. With a global footprint and a strategic local-for-local operating model, Qnity enables customers and partners to meet rising demand from AI, high-performance computing, and advanced connectivity.
“Growth in advanced-node manufacturing continues to accelerate, and our customers are scaling rapidly to support next-generation technologies,” said Jon Kemp, Chief Executive Officer at Qnity. “This investment expands our capacity to meet customer demand, enhances global supply chain resilience, and enables the innovation and performance our customers depend on.”
The global semiconductor industry is expecting to reach $1 trillion in revenues in the next few years, driven by the rapidly increasing demand for AI chips and data centers. Over the past three years, Qnity has added new capacity across its semiconductor businesses to keep pace with industry expansion. The investment to expand this capacity in Taiwan builds on that momentum while reinforcing the company’s long-term growth strategy.
By increasing production capabilities in proximity to key customers, Qnity is strengthening supply assurance, improving operational agility, and positioning itself to meet the evolving demands of next-generation chip manufacturing.
“This facility represents more than just additional capacity; it reflects our confidence in the industry’s trajectory and our commitment to ensure customer support across current and future growth cycles,” added Kemp. “We are building the infrastructure today to make tomorrow’s semiconductor innovations possible.”
The site is expected to begin operations in early 2027, with additional capabilities and research facilities in future development phases.
About Qnity
Qnity is a premier technology provider across the semiconductor value chain, empowering AI, high performance computing, and advanced connectivity. From groundbreaking solutions for semiconductor chip manufacturing, to enabling high-speed transmission within complex electronic systems, our high-performance materials and integration expertise make tomorrow’s technologies possible. More information about the company, its businesses and solutions can be found at www.qnityelectronics.com.
Qnity™, the Qnity Node Logo, and all products, unless otherwise noted, denoted with TM or ® are trademarks, trade names or registered trademarks of affiliates of Qnity Electronics, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260306253627/en/
Qnity Media Contact
Ashley Boucher
ashley.boucher@qnityelectronics.com
Original: Qnity Announces $61.5 Million Investment in New Advanced Semiconductor Research & Manufacturing Facility
iHub News
3月前
Qnity Electronics gains after strong earnings beat highlights post-spin-off momentumFebruary 26, 2026 8:15 AM
IH Market News
Shares of Qnity Electronics Inc. (NYSE:Q) rose more than 2% in premarket trading Thursday after the semiconductor technology solutions company reported fourth-quarter results that comfortably exceeded analyst expectations, underscoring solid performance following its recent separation from DuPont.The stock advanced 2.57% ahead of the market open after the company posted adjusted earnings per share of $0.82 for the quarter, surpassing consensus estimates of $0.55 by $0.27.Quarterly revenue increased 8% year over year to $1.19 billion, compared with $1.10 billion in the same period last year, supported by organic growth across both of the company’s operating segments.
Full-year growth and upbeat outlook
For full-year 2025, Qnity reported net sales of $4.75 billion, representing a 10% increase year over year. Adjusted pro forma operating EBITDA rose 11% to $1.4 billion, while adjusted pro forma earnings per share climbed 12% to $3.35.Looking ahead, the company issued fiscal 2026 earnings guidance of $3.55 to $3.95 per share, with a midpoint of $3.75 well above analyst expectations of $3.12. Revenue is forecast between $4.97 billion and $5.17 billion, with the midpoint of $5.07 billion slightly ahead of the $5.06 billion consensus estimate.“Our fourth quarter and full year 2025 results reflect disciplined execution with strong organic growth across both of our segments driven by our differentiated solutions for the industry’s most advanced technologies,” said Jon Kemp, Chief Executive Officer.
Transformation plan and shareholder returns
Qnity also unveiled a multi-year transformation initiative expected to generate approximately $100 million in adjusted operating EBITDA run-rate benefits by the end of 2028.In addition, the company authorized a share repurchase program of up to $500 million, signaling confidence in its long-term growth strategy and commitment to returning capital to shareholders.Segment performance remained balanced during the quarter, with Semiconductor Technologies generating $661 million in revenue, up 7% year over year, while Interconnect Solutions delivered $529 million, representing a 9% increase.The results mark one of the company’s first major earnings updates since becoming an independent business, highlighting early operational momentum following the spin-off.Qnity Electronics stock price
Original: Qnity Electronics gains after strong earnings beat highlights post-spin-off momentum
coachum
16年前
US Judge Dismisses Several Claims In Qwest Case -Report
Apr 2, 2010 11:46:40 (ET)
DOW JONES NEWSWIRES
A U.S. judge narrowed the scope of a fraud case against five former Qwest Communications International Inc. (Q) officials, including former Chief Executive Joe Nacchio, throwing out several allegations made by the Securities and Exchange Commission, the Denver Post reported Friday. The dismissed claims relate to charges that the defendants committed fraud from 1999 to 2002 when they booked revenue from network-capacity swaps in a lump sum rather than over the life of multi-year contracts. The case will now focus on whether Qwest was required to make public filings advising that its communications revenue comprised both monthly and lump-sum revenue and whether the defendants were aware of the fact.
Full story at http://www.denverpost.com/business/ci_14804468
-Dow Jones Newswires; 212-416-2900
(END) Dow Jones Newswires
April 02, 2010 11:44 ET (15:44 GMT)
add2it
16年前
Qwest is expected to hit $6. soon.
Any comment... anyone home here???
GLTA
add2it
Consensus: Of analysts covering Qwest, 11, or 44%, advise purchasing its shares, 12 recommend holding and two suggest selling them. Citigroup(C), Barclays(BCS) and Bank of America(BAC) expect the stock to advance 15% to $6.
http://www.thestreet.com/story/10708339/1/the-gap-qwest-clorox-hit-highs.html?puc=tscmarketwatch&cm_ven=tscmarketwatch
NovoMira
17年前
Qwest, Sprint, Nokia lead advancers
By Jeffry Bartash, MarketWatch
Last update: 1:54 p.m. EDT May 1, 2009
WASHINGTON (MarketWatch) - Most phone stocks crept higher in Friday trades, led by Qwest Communications International Inc. and Sprint Nextel Corp., while shares of network equipment makers were narrowly divided.
In midday trades, Qwest (Q) rose almost 3% to $4, while Sprint (S) climbed 3.2% to $4.50. Sprint, the nation's third largest wireless phone company, reports first-quarter results Monday morning.
Earlier this week, Qwest reported a 37% increase in first-quarter profit as cost cuts offset a 6.6% decline in revenue.
AT&T Inc. (T) and Verizon Communications Inc. (VZ) both rose less than 1%. In the equipment sector, meanwhile, Nokia Corp. (NOK) was the most notable advancer, up 1.6%. Qualcomm Inc. (QCOM) also increased slightly. Alcatel-Lucent (ALU) and Ericsson (ERIC) , however, both dropped about 0.6%.
Among key industry indexes, the Dow Jones U.S. Fixed Line Telecommunications Total Stock Market Index moved up 0.5% to 901 points. The index has ranged from a high of 1,352 points to a low of 732 points within the past year. The Dow Jones U.S. Telecommunications Equipment Total Stock Market Index rose 0.9% to 4,691 points.
The index has ranged from a high of 6,548 points to a low of 3,092 points in the past year.
NovoMira
17年前
Final Glance: Telecom companies
Monday March 23, 5:58 pm ET
Telecom companies shares up at the close of trading
NEW YORK (AP) --
Shares of some top telecom companies were up at the close of trading:
AT&T Inc rose $1.59 or 6.3 percent, to $26.92.
Qwest rose $.28 or 8.2 percent, to $3.69.
Sprint Nextel rose $.25 or 7.2 percent, to $3.70.
Verizon rose $1.46 or 4.9 percent, to $31.07.
NovoMira
17年前
U.S. Supreme Court asked to hear appeal from ex-Qwest chief
Business First of Columbus... Monday, March 23, 2009
The U.S. Supreme Court has been asked to overturn the conviction of former Qwest Communications International Inc. CEO Joseph Nacchio or grant him a new trial on insider trading charges. In the meantime, Nacchio no longer must report to a federal prison Monday because of the legal maneuver.
Nacchio’s attorney, Maureen Mahoney, asked the high court in a filing late Friday to take up the case on the grounds of unresolved questions about jury instructions given during Nacchio’s U.S. District Court trial in Denver and over the exclusion of expert witness testimony in his defense.
Given Nacchio’s high-court appeal, U.S. District Judge Marcia Krieger in Denver on Friday temporarily suspended an order that he report to prison Monday while she considers whether Nacchio can remain free on bond until the Supreme Court appeal plays out.
A jury convicted Nacchio in 2007 on 19 felonies related to insider trading when he ran Denver-based Qwest (NYSE:Q). The company is one of the largest telecommunications service providers in Central Ohio, with about 1,000 employees in Dublin. The New Jersey resident has been sentenced to six years in jail but has been fighting to have the conviction reversed through appeals.
The nation’s highest court isn’t guaranteed to take up Nacchio’s case. But filing the plea at the very least triggers a stay on the order that Nacchio report to prison by noon Monday in Pennsylvania. Denver jurors found Nacchio guilty of selling $52 million of Qwest stock in 2001 while he publicly proclaimed the company’s continued strength despite internal company projections that the telecom had looming financial difficulties.
A three-judge panel of the U.S. 10th Circuit Court of Appeals overturned the conviction in 2008, citing a ruling by District Court Judge Edward Nottingham during the lower-court trial that excluded expert testimony from a defense witness. A full panel of judges from the appeals court reconsidered that ruling and in a 5-4 decision last month reinstated the original verdict and sentence.
In addition to six years in prison, Nacchio has been ordered to pay $19 million in fines and forfeit $52 million.
NovoMira
17年前
UPDATE 1-Comcast says it's now No. 3 US home phone provider
Wed Mar 11, 2009
*Comcast says is No. 3 US home phone provider
*Comcast says has 6.47 million phone subscribers
NEW YORK, March 11 (Reuters) - Comcast Corp (CMCSA.O:), the largest U.S. cable television company, said on Wednesday it has become the No. 3 provider of primary home phone service in the United States, overtaking telephone company Qwest Communications International Inc (Q.N:).
The cable company, which started offering phone services in the spring of 2005, said it now has 6.47 million subscribers that take its phone service. Comcast compared its numbers with Qwest's primary consumer access lines, which totaled 5.96 million as of Dec. 31. But Qwest has 6.5 million consumer phone lines in total when it includes additional home phone lines for subscribers who take more than one line.
Comcast said its rapid growth in the phone business has been driven by competing on price and offering innovative features such as universal caller ID, which displays the phone numbers of callers on customers' phones, televisions and personal computers if they are "triple-play" customers. "As a new entrant we've been innovating to give people new reasons to have a home phone" said Cathy Avgiris, Comcast senior vice president of voice services. Avgiris said the company has also offered its extra service at prices 20 to 30 percent cheaper than traditional phone services.
Comcast typically offers its stand-alone voice service at $39.95 a month, but nearly 90 percent of its phone customers take its competitively priced triple-play package including video and Internet access. Cable and telecoms analysts have noted that there has been a growing trend towards "cord-cutting," with more people opting to use just wireless phones for primary phone service, especially as they try to reduce their monthly expenses.
During the fourth quarter Comcast and other cable companies saw a sharp slowdown in the rate at which customers switched from traditional phone companies like AT&T Inc (T.N:) and Verizon Communications Inc (VZ.N:).
Comcast's phone service has been a key growth engine for winning new subscribers in recent quarters, helping to push its triple-play offer. It added 2 million phone subscribers in 2008.
NovoMira
17年前
UPDATE 1-Ex-Qwest CEO Nacchio asks again for jail term delay
Tue Mar 10, 2009 9:09pm EDT
* Ex-Qwest CEO requests postponement of prison term
* Lawyer says he has undisclosed health issues (Adds decision on earlier appeal for a delay)
DENVER, Colo., March 10 (Reuters) -- Former Qwest Communications International Inc (Q.N:) Chief Executive Joseph Nacchio asked on Tuesday that he be allowed to report to prison later than his March 23 deadline, saying he had "confidential" health issues.
The convicted insider trader's request came four days after another of Nacchio's lawyers asked the 10th U.S. Circuit Court of Appeals to let him remain free until a petition can be submitted to the U.S. Supreme Court for a review of his conviction. [ID:nN061201]
But on Tuesday, the appeals court denied the request, although it said in its decision that Nacchio could resubmit it after first taking it to the U.S. District Court for Colorado.
Nacchio was convicted in 2007, in what was touted a major victory for government regulators, of selling $52 million in Qwest stock after company insiders warned him the regional telephone carrier would not meet public revenue goals.
Last week, the former executive was ordered to report to a minimum security prison March 23 to begin serving a six-year sentence.
Tuesday's motion to the U.S. District Court in Denver included sealed "confidential information regarding defendant's health." Nacchio's attorney did not respond to a request for information about the health issue.
NovoMira
17年前
Final Glance: Telecom companies
Tuesday March 10, 7:01 pm ET
Telecom companies shares up at the close of trading
NEW YORK (AP) --
Shares of some top telecom companies were up at the close of trading:
AT&T Inc rose $1.30 or 6.0 percent, to $23.02.
Qwest rose $.11 or 3.8 percent, to $3.00.
Sprint Nextel rose $.42 or 13.5 percent, to $3.54.
Verizon rose $1.43 or 5.5 percent, to $27.61.
NovoMira
17年前
Final Glance: Telecom companies
Friday March 6, 6:58 pm ET
Telecom companies shares mixed at the close of trading
NEW YORK (AP) --
Shares of some top telecom companies were mixed at the close of trading:
AT&T Inc rose $.02 or .1 percent, to $22.58.
Qwest rose $.05 or 1.6 percent, to $3.19.
Sprint Nextel fell $.03 or 1.0 percent, to $3.04.
Verizon fell $.63 or 2.3 percent, to $27.28.
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