STOCKS NEWS EUROPE-Manz drops as company cuts outlook

Shares in solar equipment manufacturer Manz Automation (M5ZG.DE) drop 6 percent, the steepest decliners in Frankfurt's technology index .TECDAX after the companyposts nine-month results and cuts its 2009 outlook, now expecting a loss for the full year.

"This doesn't bode well with investors," a local trader says.

The company says nine-month sales came in at 46.7 million euros ($69.93 million), down from 159.1 million euros in the year-earlier period.

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($1=.6678 Euro)