The shareholders, seeking board seats, want the digital music service to turn around its stock slump or pursue a sale. Napster Inc. has struggled to catch the ear of enough customers. Now the company is out of tune with some of its big shareholders.
MANILA, Philippines—Some stockbrokers are not fully buying the plan of the Philippine Stock Exchange (PSE) to extend trading hours in the afternoon, saying the exchange should not force them to trade outside of the trading floor since this would bloat operating costs.
West Marine founder Randy Repass already owns more than a quarter of the company’s stock but wants to buy more.
* Dell, Marvell pressure tech sector
Stocks tumbled on Friday after a warning by computer maker Dell that companies worldwide are cutting back on technology spending spooked the tech sector.
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