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
TheStreet Open House

Tech Stocks in Motion

Viisage Technology (VISGD) shares gained nearly 9% after the identity security company said it named former CIA director George Tenet to its board. The company also named Robert LaPenta, the CEO of private investment management firm L-1 Investment Partners, as its chairman. Viisage shares rose $1.35 to $17.24.

A yearlong runup in shares of Diodes (DIOD) was interrupted after the stock was downgraded at A.G. Edwards. The brokerage lowered its investment rating to hold from buy, saying the shares are properly priced after more than doubling since January. According to the analyst, the incremental profit contribution from a recent acquisition is also reflected in the stock price. Diodes fell 8.7% to $31.12.

Shares of Orckit (ORCT) jumped after its Corrigent Systems unit said WilTel Communications will use one of its networking devices in certain U.S. cities. The product is the CM-100 Packet ADM, an "add drop multiplexer" that helps direct voice and data over networks. Corrigent said it got the deal after a year of analysis and testing by WilTel for a program to expand its metropolitan network system. Orckit rose 10% to $25.22.

CMGI (CMGI) rose after its ModusLink unit launched a Web site where retailers and other clients can liquidate inventory to pre-qualified buyers. The site, ModusLinkAuction.com, is part of a portfolio of services the subsidiary sells to companies trying to reduce liquidation costs. It's a a "low-cost sales venue for maximum margin recovery during asset conversion" where "clients frequently receive bids up to three times higher than if they limited their scope to include only the traditional post-market buyers," CMGI said. Shares rose 2.7% to $1.57.

Envoy Communications (ECGI) rose after reporting a 31% rise in fourth-quarter revenue. For the three months ended Sept. 30, the company earned $900,000, or 4 cents a share, on revenue of $11.9 million. A year ago, it lost $300,000, or 1 cents a share, on sales of $9.1 million. "With strong earnings in our North American business, complementing the contribution from the inclusion of our Parker Williams acquisition, this has been a very good year," Envoy said in a release. The shares jumped 19 cents, or 13%, to $1.64.

Other technology stocks trading heavily Tuesday included Oracle (ORCL), down 2 cents to $12.30; Sirius Satellite Radio (SIRI), down 1 cent to $6.65; JDS Uniphase (JDSU), down 7 cents to $2.44; Microsoft (MSFT), down 5 cents to $26.78; Intel (INTC), up 25 cents to $26.03; Cisco Systems (CSCO), down 6 cents to $17.41; Sprint Nextel (S), down 25 cents to $24.39; Sun Microsystems (SUNW), down 9 cents to $4.22; Advanced Micro Devices (AMD), up $1.25 to $29.37; Sandisk (SNDK), down $1.42 to $58.30; Applied Materials (AMAT), down 2 cents to $18.41; Dell (DELL), down 51 cents to $31.39; and Apple (AAPL), up 84 cents to $72.22.

Get Jim Cramer's picks for 2006.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • 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