MARKET TALK: Itron Stock Jumps After Cisco Partnership Announced

Date : 09/01/2010 @ 7:04PM
Source : Dow Jones News
Stock : Itron, Inc. (MM) (ITRI)
Quote : 66.7  0.3 (0.45%) @ 5:29PM

MARKET TALK: Itron Stock Jumps After Cisco Partnership Announced

Itron, Inc. (MM) (NASDAQ:ITRI)
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[Dow Jones] Shares of clean-technology company Itron Inc. (ITRI) jump nearly 7% after the maker of advanced utility meters announces agreement with Cisco Systems Inc. (CSCO) to develop a communication platform for smart power grids. Itron will license Cisco's Internet protocol technology and include it in its OpenWay meters to allow wired and wireless communications among components of smart grids. Shares of Itron closed 6.8% higher at $57.65, up 41 cents after-hours; shares of Cisco up 3 cents after closing 1.4% higher at $20.26. (cassandra.sweet@dowjones.com)

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