Financial ratings wrap-up: Convergys and OmniVision
September 3 2008 - 5:59 am ET | Kristen Beckman | RCR Wireless News
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Other
--R.W. Baird lowered its estimates on OmniVision Technologies following weak results and guidance. New estimates are $1 rather than $1.44 for 2008 and $1.13 rather than $1.58 for 2009.
--Standard & Poor’s Ratings Services placed its ratings on Convergys Corp. on CreditWatch with negative implications following the company’s announcement that that it is considering potential separation of its information management business into a separate entity. "We view such a potential event as increasing the company's business risk profile due to reduced diversity and because the billing segment is the strongest and most profitable part of the company," said Standard & Poor's credit analyst Naveen Sarma.
