Today's Tech Winners and Losers
Shares of Agilysys (AGYS) were among technology's winners Monday, climbing 17% after the computer products distributor posted better-than-expected fourth-quarter results.
For the quarter ended March 31, Agilysys earned $6 million, or 19 cents a share, on revenue of $394.7 million. Analysts polled by Thomson First Call expected earnings of 15 cents a share and revenue of $392.8 million. A year earlier, the company reported a loss of $2.3 million, or 8 cents a share, on revenue of $356.2 million.
Looking ahead, Agilysys sees fiscal 2007 earnings of $1.15 to $1.22 a share on revenue growth of 6% to 8%. Two analysts have an average projection for earnings of $1.19 a share and revenue of $1.83 billion, or top-line growth of 5%. Shares were trading up $2.38 to $16.40.
Shares of Atmel (ATML) jumped 7% after an investment firm said it is interested in buying the microchip maker. RDG Capital, which is an Atmel shareholder, said it sent a letter to Atmel expressing interest in buying the company for $5.50 a share in cash and preferred stock. RDG said the company responded by saying it wants to remain public. Still, RDG said it remains interested in buying the company. Such a deal would value Atmel at about $2.7 billion. Atmel shares recently were up 31 cents to $4.69.Transmeta (TMTA) rose 3% after the chipmaker said it has developed a microprocessor and reference system platform that is designed to support Microsoft's (MSFT) new "FlexGo" technology. "Microsoft's FlexGo technology combined with Transmeta's microprocessing chip technology offer an affordable means for personal computer usage and consumption through new business models such as pay-as-you-go computing," Transmeta said. Microsoft's FlexGo allows customers to get a full-featured Windows-based personal computer that can be accessed using prepaid cards or monthly subscription fees. Microsoft plans to launch the technology in Brazil, India, Mexico, Russia and China. Shares of Transmeta were up 5 cents to $1.54.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV