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

Shares of InFocus (INFS) were among technology's losers Tuesday, tumbling 18% after the maker of digital projectors projected third-quarter revenue below Wall Street's targets. The company also said that it hired Banc of America Securities to help it explore strategic alternatives.

The company estimates third-quarter revenue of $78 million to $82 million, well below the $95.2 million that analysts polled by Thomson First Call project, and below the $97.6 million reported for the second quarter. InFocus expects its operating loss to be wider than the $8.9 million loss it recorded for the second quarter.

As for the plan to explore strategic alternatives, InFocus said it won't comment further on a move unless it commits to a transaction. "We continually look for ways to enhance shareholder value and, in doing so, we plan to consider all reasonable alternatives as we move through this process," the company said. Shares recently changed hands at $2.44, down 55 cents.

Parametric Technology (PMTC) rose 8% after the software company boosted its fourth-quarter estimates. For the period ended Sept. 30, the company expects to post adjusted earnings of 35 cents to 37 cents a share, with revenue of about $245 million. Previously, Parametric forecast earnings of 26 cents to 30 cents a share and revenue of $217 million to $225 million. Analysts anticipate earnings of 29 cents a share and a top line of $222 million.

Looking ahead, the company sees first-quarter adjusted earnings of 19 cents to 21 cents a share on revenue of $215 million to $220 million. Analysts project earnings of 25 cents a share on revenue of $218.7 million. Shares were trading up $1.47 to $19.71.

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 17,331.05 +262.18 1.54%
S&P 500 2,004.25 +31.51 1.60%
NASDAQ 4,623.9320 +76.0980 1.67%

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