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 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 - Get Report) 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 - Get Report) 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

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
ALTI $0.20 0.00%
CMTN $0.00 -99.00%
CY $8.78 0.92%
MAGS $4.20 2.90%
MSFT $46.63 2.33%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs