This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Today's Tech Winners and Losers

Shares of Optelecom-NKF (OPTC) were among technology's winners Tuesday, jumping 14% after the provider of IP-video network products posted big gains in fourth-quarter earnings and sales.

The company earned $1.3 million, or 37 cents a share, up from $419,176, or 3 cents a share, a year earlier. Sales surged to $10 million from $5.4 million. "We continue to see an elevated emphasis in both the public and private sectors on upgrading infrastructure systems for security," the company said. Shares were trading up $2.72 to $22.57.

J2 Global Communications (JCOM - Get Report) rose 3% after the communications-services company said it plans to buy back up to 1 million shares. The repurchase program will extend through Dec. 31, 2008. Shares recently changed hands at $45.30, up $1.43.

Shares of Qualcomm (QCOM - Get Report) rose 2% after the wireless technology company lifted its second-quarter outlook. The company now sees earnings, excluding items, of 40 cents to 41 cents a share. Previously, the company predicted earnings of 35 cents to 37 cents a share. The company increased its sales projection to a range of $1.75 billion to $1.82 billion from a prior range of $1.63 billion to $1.73 billion. Analysts polled by Thomson First Call project earnings of 37 cents a share on sales of $1.71 billion. Qualcomm attributed the increased guidance to higher-than-expected shipments of mobile-station modem chips. The company now sees shipments rising to 47 million to 48 million, up from an earlier view of 44 million to 46 million.

Separately, Qualcomm raised its quarterly dividend rate to 12 cents a share from 9 cents. Shares were trading up $1 to $48.24.

Microchip Technology (MCHP - Get Report) traded actively after the company raised its fourth-quarter earnings and sales estimates. The chip company now sees earnings of roughly 35 cents a share for the quarter ending March 31, with sales of $243 million to $245 million. Previously, the company predicted earnings of roughly 34 cents a share and sales of $242 million. Analysts project earnings of 34 cents a share and sales of $242.1 million. "We are experiencing broad-based strength by end markets, geographies, sales channels and product lines," the company said. Despite the better-than-expected outlook, shares were trading down 51 cents to $35.58.

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
INTC $33.97 -0.37%
JDSU $13.26 -1.90%
JCOM $68.22 -0.19%
MCHP $50.90 -1.00%
QCOM $70.74 -0.93%

Markets

DOW 18,065.46 -137.91 -0.76%
S&P 500 2,090.25 -17.53 -0.83%
NASDAQ 4,944.3970 -35.5040 -0.71%

Partners Compare Online Brokers

Free Reports

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