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!

Tuesday's Tech Winners & Losers

The price-target haircut was further bad news for eBay, which reported uninspiring guidance for the third quarter in a row on July 19. For its second quarter, net income dropped to $249.9 million, or 17 cents per share, from $291.6 million, or 21 cents, a year earlier. Sales grew 30% to $1.41 billion. On an adjusted basis, excluding certain costs including stock-based compensation, the company's earnings were 24 cents a share, matching the Thomson Financial estimate.

For the third quarter, eBay said it expects to earn 22 or 23 cents a share for the third quarter on sales of $1.36 billion to $1.43 billion. Analysts had hoped for earnings of 24 cents a share on revenue of $1.43 billion, according to Thomson First Call. eBay shares fell 42 cents to $23.65 in recent trading.

And the sentiment on eBay likely influenced others in the Internet sector, such as online retailer (AMZN), which shed 3.5 % of its value in recent trading. Shares lost 95 cents to $25.94.

Altiris (ATRS), on the other hand, jumped 16 % after the software company reported better-than-expected second-quarter results. The company made $2.8 million, or 10 cents a share, compared with $4.6 million, or 16 cents a share, a year earlier. Excluding items, the company earned $7.3 million, or 25 cents a share, compared with the Street's estimate of 16 cents. Revenue grew 20% over a year ago to $55.6 million, beating analysts' target of $52.6 million. Altiris also said that its board authorized the repurchase of up to $50 million of its stock. Shares gained $2.76 to $20.02.

The hammer fell on other tech stocks on Tuesday, sending Intel (INTC), down 44 cents to $17.56, Microsoft (MSFT), off 4 cents to $24.02, JDSU (JDSU), also down 4 cents to $2.10, Sun Microsystems (SUNW), down 15 cents to $4.20, Dell (DELL), off 9 cents to $21.59, Cisco Systems (CSCO), off 23 cents to $17.65, Sirius Satellite Radio (SIRI), down 7 cents to $4.13, Applied Materials (AMAT), off 27 cents to $15.49, Apple Computer (AAPL), losing $1.39 to $66.57, Oracle (ORCL), down 24 cents to $14.73 and Yahoo! (symbol), also off 24 cents to $26.90.

2 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