Tech Stocks in Motion
Wave Systems (WAVX) rose 6.3% after the company said it received an order from the U.S. Military Academy's IT Operations Center. As part of the deal, Wave Systems will provide a suite of technology products for West Point's Secure Dissemination and Data Retrieval Computer System project. Financial terms were not disclosed. Shares traded up 8 cents to $1.36.
Shares of Symantec (SYMC) and Veritas Software (VRTS) traded actively Thursday after Symantec agreed to buy Veritas for about $13.5 billion in stock. Under the terms of the deal, Veritas shareholders will receive 1.1242 shares of Symantec for each Veritas share they own. After the acquisition is completed, Symantec shareholders will own 60% of the combined company, while Veritas shareholders will own 40%. The deal, which is expected to close during the second quarter of 2005, is expected to be accretive during the first combined year of operations. Shares of Symantec traded down $2.25 to $25.13; Veritas traded down 12 cents to $27.99.
Other technology volume leaders included Sirius Satellite Radio (SIRI), down 47 cents to $7.18; Microsoft (MSFT), up 5 cents to $27.16; Cisco (CSCO), unchanged at $19.40; Lucent (LU), up 13 cents to $3.73; Nextel Communications (NXTL), up $1.08 to $29.78; and Intel (INTC), down 27 cents to $22.87.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV