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
TheStreet Open House

Tech Stocks in Motion

Updated from 1:56 p.m. EDT

Shares of NetIQ (NTIQ) were among technology's losers Monday, falling 8.2% after the company warned that third-quarter financial results would be lower than expected.

The software company now expects adjusted earnings to be below its previous guidance of 2 cents to 5 cents a share. Sales are now expected to be between $61 million and $63 million, below previous guidance of $67 million to $70 million. Excluding the NetIQ's WebTrends business, which the company agreed to sell last week, sales are expected to be $50 million to $52 million. Analysts had been expecting earnings of 4 cents a share on sales of $67.7 million. The company said its closure rate on small- and midsize deals was lower than expected. Shares traded down 92 cents to $10.36.

Shares of Nam Tai Electronics (NTE) rose 4.8% after the manufacturer of electronic components previewed first-quarter sales of $156 million. The results exceeded Nam Tai's previous guidance, which called for sales that could reach as high as $155 million. A year ago, the company posted sales of $95 million. Analysts had been expecting sales of $151.4 million. Nam Tai attributed the strong results to its expanded production capacity, which resulted from construction that was completed ahead of schedule. Shares traded up $1.25 to $27.28.

Shares of Altair Nanotechnologies (ALTI) rose 14.3% after the company signed a mutually exclusive development agreement with Advanced Battery Technologies (ABAT). The deal calls for Altair to incorporate its battery electrode nanomaterials into Advanced Battery's existing polymer battery product lines. The companies will use their complementary technologies to develop high power, lithium polymer batteries that will be used in electric vehicles. Financial terms of the deal were not disclosed. Shares of Altair traded up 51 cents to $4.09, while shares of Advanced Battery traded up $1.53, or 278.2%, to $2.08.

Despite posting a year-over-year decline in fourth-quarter earnings and sales, Castelle (CSTL), a maker of network fax servers, rose 23.7% Monday. Excluding a noncash tax benefit, the company posted earnings of $333,000, or 7 cents a share, on sales of $2.54 million. A year ago, the company posted pro forma earnings of $395,000, or 9 cents a share, on sales of $2.64 million. The most recent results marked the 14th straight quarter of profitability for the company. For 2004, the company posted pro forma earnings of $1.05 million, or 24 cents a share, on sales of $10.46 million. A year ago, the company posted pro forma earnings of $1.11 million, or 26 cents a share, on sales of $10.21 million. Shares traded up 69 cents to $3.60.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,217.25 -169.96 -0.98%
S&P 500 2,005.77 -23.78 -1.17%
NASDAQ 4,645.9510 -35.5460 -0.76%

Partners Compare Online Brokers

Free Reports

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