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!

Today's Tech Winners and Losers

Shares of Pacific Internet (PCNTF) were among technology's winners Monday, jumping 16% after MediaRing, a voice-over-Internet-protocol services company, said it plans to make an unsolicited offer of $8.25 a share in cash for the Asia-Pacific Internet service provider.

The bid represents a 28% premium over Pacific Internet's closing price of $6.46 on Friday. MediaRing, which already owns slightly less than 5% of Pacific Internet, said that a deal is contingent upon it securing a minimum ownership of 50% plus one share. MediaRing also is required to obtain the approval of the Info-Communications Development Authority of Singapore before it can make the offer to Pacific Internet. Shares of Pacific Internet were trading up 99 cents to $7.45.

Mentor Graphics (MENT) fell 7% after the software company said it would sell $175 million in convertible subordinated debentures due 2026 in a private placement. The company plans to use the proceeds from the offering to retire convertible subordinated notes due 2007. Mentor expects to grant purchasers of the $175 million in debentures a 30-day option to buy an additional $25 million in debentures to cover over-allotments. If the over-allotment option is exercised, Mentor plans to use those proceeds to repurchase a portion of its outstanding floating-rate convertible subordinated debentures due 2023. Shares were recently trading down 79 cents to $11.37.

Shares of Cablevision (CVC) rose 6% after the cable television operator swung to a fourth-quarter profit. The company earned $54.1 million, or 19 cents a share, on sales of $1.49 billion. The company posted earnings from continuing operations of $49.4 million, or 17 cents a share. Analysts polled by Thomson First Call expected the company to report sales of $1.46 billion. During the year-earlier period, the company posted a loss from continuing operations of $171.2 million, or 60 cents a share, on sales of $1.32 billion.

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 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

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