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

Tech Stocks in Motion

Updated from 12:38 p.m. EDT

Shares of Netegrity (NETE - Get Report) were among the best-performing technology stocks Wednesday after the company agreed to be acquired by Computer Associates International (CA).

CA will pay Netegrity shareholders $10.75 a share in cash, or about $430 million. The buyout price represents a premium of 39% over Tuesday's closing price of $7.75. The acquisition is expected to be neutral to earnings in fiscal 2005 and slightly accretive in 2006. The deal is expected to close in the next 90 days. Shares of Netegrity, a security software maker, traded up $2.79, or 36%, to $10.54; shares of CA traded up 46 cents to $27.85.

Sirius Satellite Radio (SIRI - Get Report) rose 15.5% after the company announced that shock jock Howard Stern would be moving to Sirius' satellite radio system beginning in January 2006. The five-year, multimillion-dollar deal will allow the radio personality to take his show "to a whole new level as I bring my fans my show, my way," Stern said. According to Sirius, total production and operating costs are estimated at $100 million a year. Sirius estimates it would need to generate about 1 million subscribers to cover the costs of the deal. Shares traded up 52 cents to $3.87.

Shares of Zoran (ZRAN) fell 10.4% after the company cut its third-quarter earnings and sales forecast. The chipmaker now expects earnings of 11 cents to 14 cents a share on sales of $115 million to $119 million . Previously, the company forecast earnings of 27 cents to 30 cents a share on sales of $128 million to $133 million. Analysts polled by Thomson First Call had been expecting earnings of 28 cents a share on sales of $130.2 million. Zoran blamed an inventory correction in the Chinese-manufactured DVD player market and tighter credit lines within China. The company will report its third-quarter results Oct. 26. Shares traded down $1.69 to $14.56.
1 of 2

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 $27.49 0.00%
NETE $0.34 0.00%
MSFT $49.87 0.00%
OTEX $55.92 0.00%
SIRI $3.95 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs