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

Monday's Tech Winners & Losers

Shares of Agere Systems (AGR) were among technology's winners Monday, jumping 11% after the chipmaker agreed to be acquired by LSI Logic (LSI) for $4 billion in stock.

Agere shareholders will receive 2.16 shares of LSI for each share they hold. The deal values Agere at $22.81 a share, a 28% premium over the company's closing price of $17.79 on Friday. The deal is expected to close during the first quarter of 2007. Shares of Agere were trading up $1.93 to $19.72; shares of LSI tumbled $1.24, or 12%, to $9.32.

SimpleTech (STEC) shares surged 17% after the flash-memory concern boosted its fourth-quarter forecast. The company now sees earnings of 17 cents to 18 cents a share, up from an earlier view of 15 cents to 16 cents. SimpleTech also lifted its revenue projection to $105 million to $107 million from a prior view of $95 million to $100 million. Analysts polled by Thomson First Call have an average estimate for earnings of 15 cents a share and revenue of $97.7 million.

SimpleTech attributed the higher guidance to strong performance in its original equipment manufacturer and consumer divisions. Shares were adding $1.57 to $10.35.

1 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
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!
STEC $0.00 0.00%
LSI $0.00 0.00%
NTE $4.83 1.90%
ENPT $0.13 0.00%
INTC $32.00 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