This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Night Watch: Handheld Makers Dive on Palm Warning

Investors were selling shares of handheld computer makers after the close Thursday following news that Palm (PALM) will miss analysts' revenue estimates for the current quarter.

Palm was down 17% to $1.83 in Instinet trading after the bell, and the other well-known names in the sector were also suffering. Handspring (HAND) was down 6.9% to $1.88, and Research in Motion (RIMM) was off 5.5% to $13.85.

Cray (CRAY) was the volume leader, trading up 1.3% to $3.98. The Nasdaq 100 Unit Trust (QQQ) was also active, tacking on 0.2% to $30.60.

Overall, volume was again on the light side. In the first two hours of extra trading, around 2 million shares changed hands among the 20 most active stocks on the Instinet platform.

Elsewhere among the most actives, Ericsson (ERICY) was up 0.7%. Microsoft (MSFT) was inching up 0.1%, and Intel (INTC - Get Report) was gaining 0.5%.

Cisco (CSCO - Get Report) and Oracle (ORCL) were each adding 0.2%. Starbucks (SBUX) was gaining 2.5% to $24.17 after the company said same-store sales rose 10% in May.

One of the big losers of the session was KPNQwest (KQIPQ), the European network operator that last week filed for bankruptcy. The stock was plunging 3 cents, or 12%, to 22 cents after the bell. In regular trading, KPNQwest skyrocketed 79% to 25 cents on speculation that AT&T (T) might be interested in acquiring the company's assets.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSCO $27.23 1.42%
INTC $31.74 1.70%
AAPL $111.31 0.48%
FB $92.80 -1.29%
GOOG $645.44 0.62%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs