NEW YORK -- Stock in Micros Systems Inc. fell almost 8 percent yesterday after Westinghouse Electric Corp. said it might sell part or all of its 62 percent stake in the company.
Analyst Bill Loomis of Ferris, Baker Watts said the possibility of Westinghouse selling its shares in the Beltsville-based maker of electronic cash register terminals might make investors nervous.
People answering the telephones at Westinghouse and Micros said the corporate offices were closed for the Christmas holiday weekend.
Last month, Micros shareholders voted against a proposal that would have authorized a 2-for-1 stock split. Mr. Loomis suggested Westinghouse might have voted against the stock split since it had intentions of selling shares.
A spokesman for Westinghouse told the Wall Street Journal on Thursday there is limited correlation between Micros and other Westinghouse operations.
Westinghouse holds 4.85 million of Micros' 7.9 million common shares.
Westinghouse noted in its filing to the Securities and Exchange Commission that it will explore other options besides a public offering.
Micros stock fell $3.125, to $36.875, in trading on the Nasdaq Stock Market on volume of 137,000 shares, compared with an average daily volume of 27,800 shares.