This Day On The Street
Continue to site
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

Tech Stocks in Motion

Updated from 12:53 p.m. EDT

Shares of Japanese Internet company Internet Initiative Japan (IIJI - Get Report) rose 18.8% after the company said it would provide Toshiba with antispam software in two parts: IIJ Edge Filter and IIJ Spam Mail Filter. The Edge Filter identifies and restricts mass spam that is sent to a single server. The Spam Filter determines a spam rating for all incoming mail and filters them on that basis. Toshiba saw a 30% drop in mail traffic after the implementation of the Edge Filter, and the performance is expected to increase after the Spam Filter is brought online. The stock finished up $2.20 to $13.90.

Shares of satellite and wireless communications provider ViaSat (VSAT - Get Report) traded up 3.6% after the company won a $60 million delivery order for multifunctional information distribution system terminals from the Space and Naval Warfare Systems Command in San Diego. The system provides secure, high-capacity, jam-resistant digital data and voice communications capability for the U.S. armed forces. Delivery for the Lot 6 units is expected to begin in April of next year and continue through the fourth quarter of ViaSat's fiscal year 2007. The stock closed up 77 cents to $22.04.

Intel (INTC - Get Report) set up a $200 million venture capital fund that will invest in Chinese technology companies developing hardware and software services. The Intel Capital China Technology Fund will invest in companies that complement Intel's technology initiatives and will help further build the Internet infrastructure in China. "We will invest in Chinese companies to accelerate technology adoption locally and to foster development of innovative technologies with potential for global distribution," said CEO Paul Otellini. The stock finished up 2 cents to $27.

Shares of electronic power converter company American Superconductor (AMSC - Get Report) traded up 23.6% after it was upgraded by Needham Equity Research to buy from hold. The firm cited valuation and long-term prospects, saying the recent selloff is unwarranted. Though the firm doesn't see the company reaching profitability until fiscal 2007, it has placed an $11 price target on the stock. American Superconductor closed up $1.82 to $9.45.

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
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!
SYM TRADE IT LAST %CHG
AMSC $7.74 1.98%
CSCO $28.48 2.02%
INTC $32.73 0.80%
IIJI $8.56 0.12%
VSAT $62.14 0.31%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs