Tech Stocks in Motion
Updated from 1:04 p.m.
Shares of C-Cor Electronics (CCBL) were among technology's losers Wednesday, falling 8.8% after the company cut its third-quarter forecast by a wide margin.
The Internet services and products company now expects to post a loss of 34 cents to 38 cents a share on sales of $47 million to $49 million. Earnings projections include a $2.7 million charge for in-process research and development, and a $1.7 million charge for amortization of intangible assets, or 9 cents a share.
In January, the company said it expected to post a third-quarter loss of 4 cents to a profit of 2 cents on sales of $70 million to $75 million. C-Cor blamed the shortfall on higher-than-expected purchase accounting adjustments to deferred revenue, which are related to its acquisition of nCube, and to customer orders late in the quarter that won't be recognized in time to be counted for the third quarter. C-Cor expects to release third-quarter results on April 21. Shares traded down 62 cents to $6.41.
B.O.S. Better On-Line Solutions (BOSC) rose 13.6% after one of the company's business units signed a contract with the Israeli aircraft industry. The five-year, $3 million contract calls for B.O.S. to manufacture electromechanical components that are intended for use in production lines of the aircraft industry. Shares traded up 38 cents to $3.18. Shares of Giga-tronics (GIGA) rose 93.4% after the company announced a multiyear agreement with Boeing (BA). The agreement calls for Giga-tronics' Microsource subsidiary to produce fast-tune synthesized filter systems for the F/A-18 E/F aircraft. The agreement, which is expected to run for five years, is worth between $7.6 million and $11.6 million. Shares traded up $2.99 to $6.19. Digital Impact (DIGI) rose 4.3% after the company was selected by Royal Caribbean International to create and execute online direct marketing campaigns for the company. The campaign is aimed at helping Caribbean better communicate with prospects and customers. Shares traded up 9 cents to $2.18.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 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.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
