Wednesday 12 December 2018
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inquirer - 2 month ago

NOW stock price continues to fall as firm’s actions confuse investors

Listed technology firm NOW Corp., once the darling of stock market speculators betting on the government s third telco initiative, continued its losing streak yesterday. A lawsuit filed by affiliate NOW Telecom on Oct. 8 questioning the government s steep financial requirements in its terms of reference a month before the bid deadline brought losses over the past two days to 42 percent, or about P4.8 billion in market value. On Thursday, NOW lost another 15.34 percent to P4.36 per share--- a level u

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