Winners & Losers
Shares of Systemax(SYX) were among technology's winners Friday, jumping 18% after the computer distributor posted big second-quarter earnings and revenue gains.
For the quarter ended June 30, the company earned $7.1 million, or 19 cents a share, on revenue of $547.2 million. During the year-earlier period, the company earned $1.5 million, or 4 cents a share, on revenue of $506.1 million. "I am very pleased with our strong operating performance in the second quarter, highlighted by an 8% sales increase and the continued benefits of the cost cutting, streamlining and restructuring actions that we have implemented over the last two years," said Chairman and CEO Richard Leeds in a statement. Systemax shares were trading up $2.13 to $14.25. Advanced Semiconductor Engineering(ASX) soared 15% after the Taiwan-based company said it has received an "indication of interest" from a group of investors led by the Carlyle Group. The potential offer would be worth $5.94 per American depositary share, or nearly $5.5 billion. The price would represent a premium of 13% over Wednesday's closing price of $5.26. Advanced Semiconductor's chairman, Jason Chang, has agreed to participate as a member of the consortium and to roll the shares of ASE owned by him and his ASE Enterprises holding company into an equity interest in the holding company created by the consortium. Chang and his affiliated holding company own about 18.4% of the shares. Advanced Semiconductor shares were trading up 81 cents to $6.07.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo 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.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet