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!

Wednesday's Tech Winners & Losers

Updated from 12:23 p.m. EDT

Tech stocks were flat Wednesday, as earnings and a buyout moved some names in the sector.

Solarfun Power Holdings (SOLF) plunged 22.7% after the maker of solar cells swung to a first-quarter loss and cut its full-year revenue outlook. The company reported a loss of $328,000, or less than a penny a share, on revenue of $24.6 million. During the year-earlier quarter, the company earned $4.3 million on revenue of $13.3 million.

Looking ahead, Solarfun now sees full-year revenue of $250 million to $270 million, down from an earlier view of $265 million to $285 million. Shares closed down $2.82 to $9.60.

Elsewhere, CDW (CDWC) rose 2.5% after the computer-products seller agreed to be acquired by private-equity firm Madison Dearborn Partners for about $7.3 billion. Shareholders will receive $87.75 a share, representing a 6% premium to Tuesday's closing price. "This transaction represents the next chapter for CDW," the company said in a press release. "We believe it provides a compelling opportunity to immediately maximize value for our shareholders." The deal is expected to close at the end of the third quarter or early in the fourth quarter. Shares closed up $2.06 to $85.17.

Meanwhile, Applied Signal Technology (APSG) fell 7.4% after the maker of digital-signal processing equipment posted disappointing second-quarter results. The company earned $1.6 million, or 13 cents a share, on revenue of $41.1 million. Analysts expected earnings of 14 cents a share on revenue of $42.8 million. During the year-earlier quarter, the company earned $1.5 million, or 13 cents a share, on revenue of $43.5 million. Shares closed down $1.25 to $15.72.

Versant (VSNT) jumped 10.3% after the software company posted big gains in earnings and revenue in its fiscal second quarter. The company earned $1.9 million, or 52 cents a share, on revenue of $5.2 million. During the year-earlier period, the company earned $1.2 million, or 32 cents a share, on revenue of $3.8 million. "This quarter was extremely strong, especially in light of the fact that Versant's second fiscal quarter is typically a relatively weaker quarter," the company said.

Looking ahead, Versant sees 2007 earnings of $1.50 to $1.62 a share on revenue growth of 10%. Shares closed up $1.95 to $20.94.

Navteq (NVT) jumped 8.3% after the company, which maintains and runs a digital map database for North America and Europe, made a presentation at the Lehman Brothers Worldwide Wireless and Wireline Conference in New York Wednesday morning. The presentation was Webcast live. Shares were up $3.08 to $40.35.

As for the broader technology sector, the Nasdaq 100 was up 18.29 points to about 1918.

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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