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
TheStreet Open House

Friday's Tech Winners & Losers

Shares of Saifun Semiconductors (SFUN - Get Report) were among technology's losers Friday, tumbled 27% after the company said that a big customer plans to scale back its nitride read-only memory business.

Saifun does not expect to receive any license or services fee from the customer, Qimonda (QI), after the fourth quarter. Qimonda, which is a unit of Infineon (IFX), had been a significant customer of Saifun's IP and design services.

Saifun said it will license NROM technology to Qimonda on a limited basis, resulting in only limited royalties. Although Saifun doesn't expect Qimonda's move to hurt it during the third quarter, Saifun does expect an impact beginning in the fourth quarter. Shares were trading down $7.76 to $21.32.

Shares of MSC.Software (MSCS) plunged 14% after the software company projected third-quarter revenue well below Wall Street's forecast. The company estimated revenue of $58 million to $60 million and said it may record a "small" loss for the period. Analysts polled by Thomson First Call project a profit of 17 cents a share on revenue of $74.1 million. During the year-earlier period, the company reported revenue of $75.6 million.

"We believe that the third quarter financial results reflect the challenges associated with the transition of selling enterprise simulation solutions," MSC.Software said. "These challenges result in delayed purchase decisions on the part of our major customers, longer approval processes within their organizations and the lengthening of sales cycles." Shares recently were down $2.15 to $13.55.

1 of 3

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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!
CAMP $16.45 0.00%
EHTH $9.59 0.00%
LPTH $0.94 0.00%
SFUN $5.96 0.00%
AAPL $123.25 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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