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Technology Stocks : EGBT - EAGLE BUILDING TECHNOLOGIES (ecic)

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To: afrayem onigwecher who wrote (56)2/14/2002 5:07:17 PM
From: StockDung  Read Replies (1) of 155
 
Eagle Building to Restate Earnings for 2 Years; Shares Tumble
By Marina Mello

Boca Raton, Florida, Feb. 14 (Bloomberg) -- Eagle Building Technologies Inc., a maker of concrete block and doors that are earthquake-, explosion- and weather-resistant, said it's restating its earnings for at least the last two years and asked regulators to suspend trading of its stock.

The shares tumbled $3.07, or 68 percent, to $1.44 after earlier touching a 52-week low of $1.30. They have fallen 87 percent this year.

The Boca Raton, Florida-based company asked the Securities and Exchange Commission to suspend trading of its shares on the over-the-counter Bulletin Board, according to a filing with the SEC.

Eagle management didn't immediately return phone calls seeking comment.





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