Fair Isaac Dips As Investors Fear Toll of New Credit Bureau Alliance

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00016108-fair-isaac-dips-as-investors-fear-toll-of/

Shares of Fair Isaac Corp., a leading developer of credit scoring systems, slid Tuesday as investors speculated that a new alliance among the nation’s three major consumer credit bureaus could hurt Fair Isaac’s business.

Fair Isaac shares fell $2.79, or 6.6 percent, to $39.37 in afternoon trading on the New York Stock Exchange, putting the stock down 11 percent since the year began. Earlier in the session, shares traded as low as $37.80, on volume more than eight times average daily volume.

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