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 Leap Wireless (LEAP) fell modestly after the company said its Cricket Communications subsidiary would sell $750 million of unsecured senior notes due 2014. Proceeds from the offering will be used to repay a bridge-loan facility and general corporate purposes.

Separately, Leap said it added 161,000 new customers during the third quarter. For the first nine months of the year, the company has added about 329,000 customers. "Our third-quarter customer growth reflects the strong acceptance we are seeing across our new markets for our services and is a significant improvement from last year," the company said. Shares were trading down 20 cents to $51.58.

Perficient (PRFT - Get Report) rose 5% after the information technology consulting firm lifted its third-quarter revenue projection. The company estimates revenue of $43.3 million to $44.5 million, up from an earlier forecast of $41 million to $43.1 million. On a pro forma basis, which includes the results of recently acquired Digital Consulting and Software Services, the company predicts revenue of $44.4 million to $45.6 million. Analysts project revenue of $42.6 million. Shares were adding 77 cents to $16.79.

Shares of Phazar (ANTP) plunged 14% after the antenna maker said it swung to a first-quarter loss on a large decline in revenue. For the period ended Aug. 31, the company reported a loss of $100,188, or 4 cents a share, on revenue of $1.1 million. A year earlier, the company recorded a profit of $519,419, or 23 cents a share, on revenue of $3.2 million. Phazar blamed the results on a slow down in government spending for antennas and towers that it provides to U.S. government military and civil agencies. Shares were trading down 88 cents to $5.48.

Other technology movers included Sun Microsystems (SUNW), up 3 cents to $5; JDSU (JDSU - Get Report), up 1 cent to $2.12; Intel (INTC), down 3 cents to $20.59; Oracle (ORCL - Get Report), up 6 cents to $18.61; Cisco Systems (CSCO), down 24 cents to $24.07; Microsoft (MSFT), down 19 cents to $27.53; and Applied Materials (AMAT), up 1 cent to $18.48.
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
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
PMTC $0.00 0.00%
LEAP $0.00 0.00%
JDSU $11.26 0.00%
ORCL $40.15 0.00%
PRFT $18.89 0.00%

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs