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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Thursday's Tech Winners & Losers

Shares of Ultratech (UTEK) were among technology's losers Thursday, sinking 17% after the chip-equipment maker said fourth-quarter results will be worse than expected.

The company now sees a loss of 25 cents to 30 cents a share, wider than its prior forecast for a loss of 10 cents to 15 cents a share. Ultratech projects a sequential revenue decline of 25% to 30%, while its earlier forecast called for a decline of 8% to 10%. Analysts polled by Thomson First Call project a loss of 12 cents a share and revenue of $30.7 million.

"The revenue shortfall is due primarily to delivery push-outs during the quarter reflecting the softer business conditions," Ultratech said. Shares were trading down $2.18 to $10.86.

Jabil Circuit (JBL) slid 10% after the electronics services provider warned that second-quarter revenue would be below forecasts. For the recently ended first quarter, Jabil reported revenue of $3.2 billion, up from $2.4 billion a year earlier and topping Wall Street's estimate of $3.17 billion. The company, which is still reviewing its historical stock-option practices, didn't release its bottom-line figures.

Jabil forecast second-quarter revenue of $2.75 billion to $2.85 billion, below analysts' average forecast of $2.91 billion. Shares were down $2.63 to $23.93.

Shares of Sonic Foundry (SOFO) tumbled 11% after the software company priced a secondary offering at a substantial discount to Wednesday's closing price of $5.04. The company sold 3 million shares at $3.75 a share, raising $11.25 million. Sonic plans to use proceeds from the offering for research and development, business development activities and other corporate needs. Shares recently changed hands at $4.48, down 56 cents.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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