This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tech Stocks in Motion

Updated from 1:18 p.m. EST

Shares of Ariba (ARBA) were among technology's winners Monday, rising 16.4% after the company said that it settled a patent infringement suit with ePlus (PLUS) on favorable terms.

A week after being found liable for infringing three patents, Ariba said it will pay $37 million to ePlus, a software company, during the second quarter, which ends March 31. ePlus had originally claimed royalty damages of $76 million to $98 million, and the judge had the right to award ePlus three times the actual damages awarded. The settlement, however, ends all litigation and dismisses the case in its entirety. What's more, Ariba and ePlus entered into a cross-licensing agreement, "which will ensure that Ariba's customers and partners will be unaffected by ePlus' infringement claims against Ariba," according to Ariba. Shares of Ariba traded up $1.36 to $9.63.

Cypress Semiconductor (CY) fell 3.7% after the company threw in the towel on its MRAM commercialization plans. The company said that it would sell its Silicon Magnetic Systems subsidiary and remove it from its books by the end of the first quarter. Cypress said that its decision to sell the unit was based on its belief that the 1T-1MTJ MRAM technology would not be able to successfully attack the SRAM market, meaning that MRAM would be a niche technology with higher bit pricing than SRAM. "While a niche MRAM business could have been a profitable addition to Cypress' portfolio of products, we currently have more attractive places to invest than in the capital-intensive MRAM business," Cypress said. Shares traded down 51 cents to $13.19.

Shares of Taser International (TASR) rose 7.6% after the company received four orders for its stun guns. Three of the orders came from police departments in the United States and were of the follow-on variety. The fourth order came from the Singapore National Police Force, which placed an initial order for 126 Taser X26 devices. In all, the orders totaled more than $675,000. Shares traded up $1.03 to $14.51.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs