This Day On The Street
Continue to site
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

Thursday's Tech Winners & Losers

MRO Software (MROI) jumped 18% after the software company agreed to be acquired by IBM (IBM - Get Report) for $740 million in cash, or $25.80 a share. The price represents a premium of 19% over MRO's Wednesday closing price of $21.60.

"By integrating our asset management capabilities with IBM, a leader in IT management software and asset management consulting, we can offer our customers a complete asset management solution on a global scale," MRO said. The acquisition is expected to close during the fourth quarter. Shares of MRO were up $3.89 to $25.49, while IBM shares were down 28 cents to $76.04.

Shares of inTest (INTT - Get Report) soared 28% after the maker of semiconductor test equipment posted big improvements in second-quarter results. The company posted second-quarter earnings of $1.9 million, or 21 cents a share, on revenue of $18.9 million. In the year-ago period, the company posted a loss of $1.8 million, or 21 cents a share, on revenue of $12.2 million. During the first quarter, the company earned $340,000, or 4 cents a share, on revenue of $13.7 million.

"This was an exceptional quarter for us as our revenue and EPS exceeded prior guidance," the company said. "Each of our three product segments came in ahead of our expectations in both bookings and net revenues, with our overall results demonstrating the improved leverage we have achieved in our operating model."

Looking ahead, inTest sees third-quarter pretax earnings of 10 cents to 15 cents a share. The company predicts revenue of $16.5 million to $17.5 million. Shares were trading up $1.16 to $5.40.

Other technology movers included Cisco Systems (CSCO - Get Report), down 26 cents to $17.22; Sirius Satellite Radio (SIRI), down 5 cents to $3.97; Microsoft (MSFT), up 10 cents to $24.40; Intel (INTC), down 11 cents to $17.38; Sun Microsystems (SUNW), up 3 cents to $4.32; Level 3 Communications (LVLT), down 9 cents to $3.68; Rambus (RMBS), down 76 cents to $11.89; Apple Computer (AAPL), up 53 cents to $68.69; JDSU (JDSU), up 2 cents to $2.11; and Lucent Technologies (TU), down 4 cents to $2.06.
2 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSCO $22.89 0.00%
IBM $128.57 0.00%
INTT $4.00 0.00%
LF $0.97 0.00%
AAPL $94.02 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs