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

Shares of Hauppauge Digital (HAUP - Get Report) were among technology's winners Monday, surging 48% after the company released software that enables consumers to record television shows for playback on portable video players.

Hauppauge's PC-based "Wing" software can be used with players such as Apple's (AAPL - Get Report) video iPod and Sony's (SNE - Get Report) PlayStation Portable. Wing can also be used to convert existing TV recordings to the PSP and iPod format. Besides the video players, recorded TV shows also can be played on a PC or TV set. Hauppauge's shares jumped $1.92 to $5.92.

Pegasus Solutions (PEGS), which sells information technology to hotels and travel agents, agreed to be taken private by a group led by Prides Capital Partners for about $275 million. The takeover, which was approved by a special committee of Pegasus' board but still requires shareholder approval, will pay existing holders $9.50 a share in cash. The price represents a 15% premium to Friday's close of $8.26 a share, but is almost $2 below Pegasus' share price when the company announced it was studying strategic alternatives in April. The stock surged 96 cents, or 11.6%, to $9.22 in recent trading.

Shares of O2Micro (OIIM - Get Report) tumbled 13% after the company slashed its fourth-quarter revenue projection, citing reduced ordering of liquid crystal display monitors. The company, a maker of chips for power-management and security components, expects revenue to rise 2% to 3% from the third quarter, when the top line totaled $28 million. The new forecast suggests revenue of $28.6 million to $28.8 million. The company's previous forecast, given in a November conference call, predicted sequential revenue growth of 10% to 12%. Analysts polled by Thomson First Call have an average estimate for revenue of $30 million. O2Micro shares were down $1.25 to $8.75.

GigaMedia (GIGM - Get Report) surged after agreeing to buy Asian online casino-game company FunTown for $45 million. According to GigaMedia, FunTown has four million registered users and operates the largest site in terms of revenue for the game "Mahjong." GigaMedia, which makes software for online entertainment and gaming, expects the deal to be "strongly" accretive to earnings and add significantly to revenue beginning in the first quarter. GigaMedia anticipates 20% to 30% growth in FunTown's business in 2006. Shares of GigaMedia were up 36 cents, or 14%, to $2.90.

Other technology stocks trading heavily Monday included Oracle (ORCL - Get Report), down 22 cents, or 1.7%, to $12.47; Microsoft (MSFT), down 15 cents, or 0.6%, to $26.75; Cisco (CSCO - Get Report), up 9 cents, or 0.5%, to $17.61; Sirius Satellite Radio (SIRI), down 6 cents, or 0.9%, to $6.89; Intel (INTC), down 9 cents, or 0.3%, to $26.29; JDS Uniphase (JDSU), down 2 cents, or 0.8%, to $2.60; Sun Microsystems (SUNW), down 6 cents, or 1.3%, to $4.37; Symantec (SYMC), down 32 cents, or 1.9%, to $16.78; Apple (AAPL - Get Report), up 66 cents, or 0.9%, to $71.77; Dell (DELL), down 16 cents, or 0.5%, to $32.39; SanDisk (SNDK), up $2.20, or 3.8%, to $60.24; and Hewlett-Packard (HPQ), up 4 cents, or 0.1%, to $28.96.

Get Jim Cramer's picks for 2006.

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
HAUP $0.14 0.00%
AAPL $129.96 0.00%
CSCO $29.08 0.00%
GIGM $0.70 0.00%
ORCL $43.70 0.00%

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs