This Day On The Street
Continue to site
ADVERTISEMENT
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

Wednesday's Tech Winners & Losers

Macrovision (MVSN) rose 8.4% after the software company announced job cuts and a realignment to its business, and boosted its full-year earnings guidance. Macrovision said it plans to cut about 7% of its workforce, resulting in a second-quarter charge of $4.5 million. As a result of the savings that are expected from the job cuts, Macrovision now sees full-year earnings of $1.33 to $1.43 a share, up from an earlier forecast of $1.25 to $1.35 a share. Analysts project earnings of $1.32 a share. The company continues to see revenue of $280 million to $290 million. "This new structure will enable Macrovision to pursue opportunities that best fit the business units' respective strengths," the company said. Shares closed up $2.38 to $30.73.

Finally, Optical Communication Products (OCPI) rose 6% after Oplink Communications (OPLK) agreed to acquire the rest of the company. Oplink previously bought a 58.1% stake in Optical Communication for $1.50 a share. It now plans to buy the rest of the company for $1.65 a share. The deal is expected to close by the end of the third quarter. Optical Communication Products closed up 9 cents to $1.58. Oplink was down 16 cents to $17.18.

As for the broader technology sector, the Nasdaq 100 was down 17.50 points to 1914.85.
2 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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG
OPLK $24.23 -0.12%
TWER $1.79 3.50%
AAPL $125.42 0.72%
FB $85.76 -0.04%
GOOG $520.60 -0.18%

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.12 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs