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

Today's Tech Winners and Losers

Shares of Merge Technologies (MRGE - Get Report) were among technology's losers Friday, tumbling 19% after the software company delayed the release of its fourth-quarter results and warned that sales for the period would be well below Wall Street's forecast.

The company, which does business as Merge Healthcare, expects to report fourth-quarter sales of $23 million to $26 million. Analysts polled by Thomson First Call project sales of $35.4 million. The company attributed the shortfall to certain large sales contracts signed during the fourth quarter that would be recorded as deferred revenue.

Merge blamed the delay in posting its full results on accounting issues surrounding fourth-quarter sales. "As a result of the complexities associated with accounting for sales transactions in the fourth quarter, our year-end audit has not been sufficiently completed and, accordingly, we are not publishing complete financial results at this time," the company said. Shares were trading down $4.55 to $19.95.

Syniverse (SVR) sank 28% after the networking-services company posted in-line fourth-quarter earnings but projected first-quarter sales well below expectations. The company reported adjusted earnings of $14.8 million, or 22 cents a share, on sales of $83.6 million. Analysts expected earnings of 22 cents a share and sales of $83.9 million. A year earlier, the company recorded a loss of $3.9 million, or 10 cents a share, on sales of $88.3 million.

Looking ahead, Syniverse sees first-quarter earnings of $10 million to $12 million, before items, on sales of $71 million to $73 million. Analysts project earnings of $14.5 million, or 21 cents a share, and sales of $84.1 million. Shares were down $6.03 to $15.27.

Shares of Linktone (LTON - Get Report) rose modestly after the Chinese maker of wireless entertainment products announced the departure of its chief executive. The company didn't offer a specific reason for Raymond Yang's resignation, but said that Chief Financial Officer Colin Sung will serve as acting CEO until a permanent replacement is found. Yang's departure comes less than a month after the company slashed its fourth-quarter and full-year earnings guidance below Wall Street's expectation. Shares were trading up 9 cents to $7.10.

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
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
LTON $1.02 -15.70%
MRVL $13.14 0.00%
MRGE $4.60 0.00%
NTES $146.20 0.00%
ORCL $43.93 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs