Wednesday's Tech Winners & Losers
Shares of Hewlett-Packard (HPQ) were among technology's losers Wednesday, falling 4% after the computer hardware giant's earnings and guidance failed to provide enough of an upside for investors.
For the period ended Jan. 31, the company posted adjusted earnings of $1.8 billion, or 65 cents a share, on revenue of $25.1 billion. Analysts polled by Thomson Financial expected earnings of 62 cents a share and revenue of $24.3 billion. During the year-earlier period, H-P earned $1.4 billion, or 48 cents a share, on revenue of $22.7 billion.
For the fiscal second quarter, H-P sees adjusted earnings of 63 cents to 64 cents a share, with revenue of about $24.5 billion. Analysts project earnings of 63 cents a share and revenue of $24.1 billion. Shares recently were trading down $1.76 to $41.37.
Shares of Jupitermedia (JUPM) soared 27% after the New York Post reported that the company is in advanced talks to be acquired by Getty Images (GYI). The report cited sources with knowledge of the situation who said Getty might pay more than $11 a share for Jupitermedia, a provider of digital images to Web developers. Shares of Jupitermedia were surging $2.18 to $10.20. Getty shares were up $2.77, or 5.3%, to $55.06.Pixelworks (PXLW) jumped 16% after the chipmaker said that Samsung will use its new chip in two slim CRT television models. The chip, codenamed Bluejay, currently is in production. Shares of Pixelworks were trading up 32 cents to $2.35.
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