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

The company sees first-quarter earnings of $11 million to $12.4 million and sales of $117 million to $125 million. Analysts expect earnings of $10.2 million, or 40 cents a share, on sales of $110.5 million. Shares were trading up $5.40 to $34.59.

Shares of Orbotech (ORBK - Get Report) rose 2% after the company posted third-quarter results that topped expectations. The company earned $11.1 million, or 33 cents a share, on sales of $93.7 million. Analysts had forecast earnings of 31 cents a share on sales of $91.7 million. In last year's third quarter, Orbotech earned were $9.4 million, or 29 cents a share, on sales of $82.7 million. Shares were trading up 50 cents to $21.66.

QLogic (QLGC - Get Report) rose slightly after the company announced a $200 million stock buyback plan. The repurchase plan, which will take place over a two-year period, follows the completion of the company's previous stock-buyback plans. Since fiscal 2003, the company has bought a total of $550 million in stock.

In addition to the buyback, the company said it completed the sale of its hard-drive controller and tape drive controller businesses to Marvell Technology (MRVL - Get Report). QLogic received $180 million in cash and $45 million in Marvell stock. Shares of QLogic were trading up 1 cent to $31.02.

Other technology movers included Microsoft (MSFT), up 13 cents to $26.79; Intel (INTC), up 34 cents to $24.33; JDSU (JDSU - Get Report), up 1 cent to $2.36; Sun Microsystems (SUNW), up 1 cent to $3.91; Cisco (CSCO - Get Report), up 4 cents to $17.91; Sirius Satellite Radio (SIRI), up 1 cent to $6.96; Lucent Technologies (LU), down 2 cents to $2.76; Apple Computer (AAPL), down 67 cents to $60.48; and Oracle (ORCL), up 7 cents to $12.54.
2 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
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
SYM TRADE IT LAST %CHG
APPL $0.00 0.00%
CSCO $28.21 0.00%
JDSU $11.02 0.00%
MFLX $0.00 0.00%
MRVL $12.44 0.00%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs