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 12:46 p.m. EDT

Shares of Acxiom (ACXM - Get Report) were among technology's winners Monday, rising 16.5% after the company said ValueAct Capital, its largest shareholder, may offer to buy the company for $23 a share.

The $23 price tag would represent a 26% premium to Friday's closing price of $18.24. ValueAct, in a letter to management, said that it is disappointed in the direction of the company and that an infusion of "fresh and independent participation at the board level" would help challenge management and bring critical financial acumen to the company. Acxiom said that if ValueAct does make an offer, Acxiom management would review it in accordance with its fiduciary obligations. Shares of Acxiom traded up $3.01 to $21.25.

ATI Technologies (ATYT) fell 10.4% after the company cut its third-quarter sales outlook and said that fourth-quarter sales would be below expectations. The maker of graphic chips now expects third-quarter sales of $530 million, down from previous guidance of $560 million to $600 million. The company said that a product mix shift toward the lower end of the desktop and notebook discrete market caused sales to fall below expectations. Analysts polled by Thomson First Call had been expecting sales of $575 million. Looking ahead, ATI forecasts fourth-quarter sales of about $600 million, well below the $659 million that analysts had been expecting. Shares traded down $1.58 to $13.68.

Shares of Zoom Technologies (ZOOM) rose 10.8% after the company said that it would earn $3.5 million from the sale of InterMute. In May, Trend Micro (TMIC) agreed to buy privately held InterMute for about $15 million. Zoom's total cash investment in InterMute was $467,000. Zoom, which plans to record a nonoperating gain of $3.5 million, or 39 cents a share, from its investment, said it could also receive up to $3 million in additional payments during 2006 if certain conditions and performance targets are met. Shares traded up 24 cents to $2.47.
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
ZOOM $0.01 0.00%
NOK $7.21 0.00%
CSCO $27.25 0.00%
INTC $34.77 0.00%
ACXM $22.90 0.00%


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs