This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tech Stocks in Motion

Shares of AirNet Communications (ANCC) were among technology's winners Tuesday, rising 27% after the wireless equipment company said that second-quarter sales would be better than expected.

The company now expects sales of $4.5 million to $5.5 million, up significantly from its previous guidance of $2.5 million to $4 million. A year ago, the company posted sales of $5.4 million. AirNet said that its marketing efforts helped its second quarter. The company also said that it expects to report positive cash flow from operations during the second quarter. Shares were trading up 37 cents to $1.74.

SeeBeyond Technology (SBYN) rose 30% after the company agreed to be acquired by Sun Microsystems (SUNW) for about $387 million in cash. Terms of the deal call for SeeBeyond shareholders to receive $4.25 a share in cash, representing a 30% premium to Monday's closing price of $3.28. The deal is expected to close in early Fall 2005. Shares of SeeBeyond were recently trading up 97 cents to $4.25 while shares of Sun Microsystems were trading down 1 cent to $3.68.

Shares of WPCS International (WPCS) rose 11% after the company said that it received new contract wins worth about $5.3 million. The new contracts call for wireless infrastructure services, general construction and specialty communication systems. Work under the contracts will be done for the Port Authority of New York and New Jersey, Princeton University, Lockheed Martin (LMT), Mohegan Sun Casino, Sybase (SY), New Jersey State Police, State of California Transportation Agency, Bechtel and the State of New Jersey. Shares were trading up 61 cents to $6.07.

Lionbridge Technologies (LIOX) soared 33% after the company said that it would acquire Bowne Global Solutions, a division of Bowne & Co. (BNE) for at least $180 million in cash and stock. The deal, which should close during the third quarter of 2005, is expected to be accretive to Lionbridge's earnings during the first full quarter of combined operations. Bowne will receive no less than $180 million in the deal, which will be comprised of $130 million in cash and up to 9.4 million in shares of Lionbridge stock, subject to adjustment. The combined company expects to realize cost savings of $15 million to $20 million during 2006. Shares of Lionbridge were trading up $1.58 to $6.31.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
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!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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