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!

Wednesday's Tech Winners and Losers

Shares of Catapult Communications (CATT) were among technology's losers Wednesday, sliding 9% after the maker of digital telecom test systems cut its third-quarter revenue outlook.

The company now sees revenue of $10.7 million to $11.7 million for the quarter ending June 30, down from an earlier view of $12.8 million. Analysts polled by Thomson First Call project revenue of $12.8 million. "Order input for the quarter is falling short of our expectations, which indicates that revenues will not recover from second quarter levels to the extent we originally anticipated," Catapult said in a press release. Shares recently were trading down $1.15 to $12.

Andrew (ANDW) rose 5% after the telecom supplier agreed to be acquired by ADC Telecommunications (ADCT) for about $2 billion in stock. Andrew shareholders will receive 0.57 ADC shares for each Andrew share they hold, which would value Andrew at $12.76 a share based on Tuesday's closing prices. That price represents 30% premium over Andrew's closing price Tuesday of $9.78. The deal is expected to close within four to six months. Shares of Andrew were trading up 52 cents to $10.30, while shares of ADC tumbled $4.22, or 19%, to $18.16.

Shares of Versant (VSNT) rose 5% after the data management company said it swung to a second-quarter profit and raised its fiscal 2006 guidance. For the quarter ended April 30, the company earned $1.2 million, or 32 cents a share, on revenue of $3.8 million. A year earlier, the company posted a loss of $1.1 million, or 30 cents a share, on revenue of $3.2 million.

Looking ahead, Versant now sees fiscal 2006 earnings of $2.6 million to $2.9 million, up from an earlier view of $1.6 million to $2 million. Shares were trading up 36 cents to $7.36.

McData (MCDTA) fell 3% after the storage networking company posted weaker-than-expected first-quarter revenue. The company recorded a loss of $9.5 million, or 6 cents a share, on revenue of $168.3 million. Excluding items, McData reported a profit of $6.1 million, or 4 cents a share. Analysts expected earnings of 4 cents a share on revenue of $170.4 million. During the year-earlier quarter, the company earned $3 million, or 3 cents a share, on revenue of $98.9 million. Shares were down 10 cents to $3.69.

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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

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