Winners & Losers
Updated from 11:59 a.m. EDT Tech stocks were flat Friday, weighed by sinking Marvell Technology Group(MRVL - Cramer's Take - Stockpickr). The chipmaker lost 11.8%, after reporting it had swung to second-quarter loss Thursday, after the bell. Marvell lost $56.5 million, or 10 cents a share, compared with income of $44.9 million, or 7 cents a share, in the year-ago period. Excluding stock option compensation expenses, the company earned 6 cents a share, meeting Wall Street's expectations. Shares dipped $2.10 to close at $15.75. Marvell's fall weighed on the Nasdaq 100 but was offset by Apple's(AAPL - Cramer's Take - Stockpickr) 3.2% rise to $135.30. The index was up 29.5 points to about 1961. Mentor Graphics(MENT - Cramer's Take - Stockpickr) jumped 17.9%, after swinging to a second-quarter profit and beating Wall Street's estimates. Reporting after the bell Thursday, the software developer said it earned $2.4 million, or 3 cents a share, vs. a loss of $448,000 in the same period last year. Excluding items, the company earned 15 cents a share, beating the 9 cents a share forecast by analysts polled by Thomson Financial. Shares gained $2.24 to close at $14.73. MetroPCS Communications(PCS - Cramer's Take - Stockpickr) jumped $2.82, or 11.1%, to close at $28.35, and Leap Wireless(LEAP - Cramer's Take - Stockpickr) closed up $2.97, or 4.7%, to $66.39 after the wireless telecommunications carriers enjoyed a second day of run-ups in the sector. On Thursday, a Credit Suisse report suggested a merger between the two companies "makes a lot of sense," according to MarketWatch. The two companies compete for younger and lower-income customers, offering prepaid plans. Shares of Sonic Solutions(SNIC - Cramer's Take - Stockpickr) plummeted 25%, after Soleil downgraded the digital media software company to hold, from buy. The stock closed down $2.60 to $7.80. China Sunergy(CSUN - Cramer's Take - Stockpickr), a Chinese company that makes solar cells from silicon wafers, sank 20.7% after swinging to a second-quarter loss. The company lost $3.8 million, or 14 cents per diluted share, vs. a profit of $1.6 million, or 9 cents a diluted share in the year-ago period. Analysts polled by Thomson Financial expected a profit of 2 cents a share. The company also announced that CFO Zhu Zhiping was resigning for personal reasons. Shares fell $1.54 to $5.91.
Limelight Network's gain was Akamai's loss, as tech stocks slid.
Blue Coat Systems jumps.
Apple and Garmin boost tech stocks on Tuesday.
These forgotten Internet stocks are being accumulated by hedge funds.
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
The GOP presidential candidate raised $27 million in July.
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
Sponsored by:



