This Day On The Street
Continue to site
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

Tuesday's Tech Winners & Losers

Updated from 12:47 p.m. EDT

Technology stocks were flat Tuesday, weighed by a mixed earnings report from chip giant Texas Instruments (TXN - Get Report) and sluggish activation numbers for Apple's (AAPL - Get Report) iPhone.

Apple's partner AT&T (T - Get Report) reported Tuesday that it had activated 146,000 iPhones on June 29 and 30 , about half of what analysts had expected. Apple's shares sank $8.81, or 6.1%, to $134.89.

Texas Instruments, in an announcement after Monday's market close, reported earnings that are in line with analysts estimates, but the company worried investors with slipping quarter-over-quarter sales. The chipmaker reported a gross profit of $1.78 billion in the second quarter, compared with $1.91 billion in the year-ago period. The company attributed the decline to a royalty settlement and sales tax refund in the year-ago quarter and sluggish sales this year. The stock closed down $1.72, or 4.5%, to $36.46.

Another chipmaker, PLX Technology (PLXT) tumbled 13.6% after it posted disappointing second-quarter results. The company posted a loss of $82,000, or less than a penny a share, on revenue of $19.8 million. Analysts polled by Thomson Financial expected earnings of 5 cents a share on revenue of $20 million. Looking ahead, PLX sees third-quarter revenue of $20.5 million to $21.5 million. Analysts project revenue of $21.5 million. Shares closed down $1.78 to $11.31.

The Nasdaq 100 was down 35.78 points, to 2000.55.

Agreements, big orders and earnings helped boost several tech stocks.

Microvision (MVIS - Get Report) soared 12.4% after the maker of scanner displays signed an agreement with Motorola (MOT) to develop pico projector display solutions for mobile applications. "We believe that our unique display technology, combined with Motorola's focus on delivering cool experiences, would allow mobile users to enhance their viewing of information and entertainment," Microvision said. Financial terms of the deal were not disclosed. Shares of Microvision closed up 60 cents to $5.45.

Meanwhile, shares of JDA Software Group (JDAS) jumped 10.6% after the software company posted second-quarter adjusted earnings that topped expectations. The company earned $10.6 million, or 31 cents a share, on revenue of $90.8 million. Analysts expected earnings of 25 cents a share on revenue of $91.2 million. Shares closed up $2.17 to $22.59.

American Superconductor (AMSC - Get Report) rose 5.6% after the maker of electronic converters received a $70 million follow-on order from Sinovel Wind, a China-based company. The deal calls for one of AMSC's subsidiaries to ship electric systems to Sinovel in 2008. The equipment will be used in Sinovel's wind energy systems. Shares of American Superconductor closed up $1.10 to $20.68.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PLXT $6.50 0.31%
AAPL $95.03 0.21%
AMSC $9.61 0.00%
MVIS $2.14 0.00%
T $38.64 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs