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

Tuesday's Tech Winners & Losers

Shares of Atmel (ATML - Get Report) were among technology's losers Tuesday, dropping 14% after the chipmaker postponed the release of its second-quarter results amid a review into its past stock-option grants.

Atmel said it won't release its second-quarter results until the independent investigation of its option practices and timing has been completed. The company, which planned to release earnings Tuesday, said it doesn't expect to complete the option investigation by the Aug. 14 extended due date for quarterly report filings with the Securities and Exchange Commission. Shares were trading down 69 cents to $4.13.

Shares of Agere Systems (AGR) jumped 23% after the chipmaker posted better-than-expected third-quarter earnings. For the period ended June 30, the company earned $47 million, or 27 cents a share, on revenue of $382 million. Excluding items, Agere earned $37 million, or 22 cents a share. Analysts anticipated earnings of 16 cents a share on revenue of $399.9 million. A year earlier, the company posted adjusted earnings of $43 million, or 23 cents a share, on revenue of $433 million.

Looking ahead, Agere sees fiscal fourth-quarter adjusted earnings of 21 cents to 26 cents a share, with revenue of $375 million to $400 million. Analysts project earnings of 21 cents a share on revenue of $405.6 million. Shares were up $2.75 to $14.75.

Zoran (ZRAN) tumbled 30% after the chipmaker posted better-than-expected second-quarter revenue, but warned that third-quarter revenue would be below forecasts. The company reported revenue of $127.9 million, which included $5.6 million from a legal settlement. Without the settlement, the company would have posted revenue of $122.3 million. Analysts polled by Thomson First Call expected a top line of $119.8 million. During the year-earlier period, the company posted revenue, excluding a legal settlement, of $95.1 million.

For the third quarter, Zoran sees revenue of $130 million to $134 million, compared with analysts' forecast of $138.3 million. Zoran said it plans to post its full second-quarter earnings results after it completes a previously announced review of its historical stock-option practices. Shares were trading down $5.92 to $13.81.

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
ORCT $0.01 0.00%
ATML $8.87 0.00%
CSCO $29.31 0.00%
VICR $13.63 0.00%
AAPL $130.28 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs