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

Monday's Tech Winners & Losers

Shares of On Track Innovations (OTIV - Get Report) slid 5% after the maker of smart cards posted disappointing third-quarter results. The company reported a loss of $2.4 million, or 16 cents a share, on revenue of $8 million. Excluding items, the company posted a loss of $1.7 million, or 11 cents a share. Analysts polled by Thomson First Call had an average estimate for a loss of 8 cents a share and revenue of $10 million. A year earlier, On Track reported a loss of $2.1 million, or 23 cents a share, on revenue of $12.1 million. Shares were trading at $7, down 37 cents.

Akamai Technologies (AKAM - Get Report) rose 3% after the company agreed to acquire privately held Nine Systems for about $160 million. Akamai will pay about $7 million in cash and 3.1 million shares in stock to Nine Systems. The deal, projected to close by the end of the year, is expected to be accretive to Akamai's 2007 earnings. Shares were up $1.39 to $50.64.

Other technology movers included Microsoft (MSFT), up 47 cents to $29.87; Intel (INTC), up 12 cents to $22.22; Lucent Technologies (LU), up 2 cents to $2.64; Sun Microsystems (SUNW), up 6 cents to $5.53; Cisco Systems (CSCO - Get Report), up 5 cents to $26.98; Level 3 Communications (LVLT), up 7 cents to $5.26; Marvell Technology (MRVL), up $1.09 to $20.14; Applied Materials (AMAT - Get Report), down 6 cents to $18.06; Sirius Satellite Radio (SIRI), unchanged at $4.05; and Oracle (ORCL), up 3 cents to $19.49.

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
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!
PACT $7.24 0.42%
AKAM $75.74 0.00%
AMAT $20.46 -7.70%
CSCO $28.82 0.00%
OTIV $1.50 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs