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

Friday's Tech Winners & Losers

Updated from 12:02 p.m. EDT

Oracle's (ORCL - Get Report) earnings beat helped propel tech stocks Friday, as the sector continued its advance after the Federal Reserve's rate cut earlier this week.

The business software maker rose 4.4% after reporting revenue of $4.53 billion, up from the $3.6 billion it reported in the year-ago period. Analysts were expecting $4.34 billion, according to Thomson Financial. The company reported net income of $840 million, or 16 cents a share, vs. $670 million, or 13 cents a share, in the comparable 2006 quarter.

Excluding items, Oracle earned 22 cents a share, vs. analysts' forecast of 21 cents a share. Shares closed up 93 cents to $21.98.

Oracle is a component of the Nasdaq 100, which rose 16.87 to 2049.48.

Texas Instruments (TXN - Get Report) also rose after announcing a share buyback and upping its dividend. The chipmaker's shares advanced 2.4% after it said early Friday that its board had authorized it to purchase $5 billion worth of shares and raise its quarterly cash dividend by 25%, to 10 cents a share. Shares closed up 85 cents to $36.62.

Optium (OPTM), which makes optical subsystems for telecommunications companies and cable TV networks, spiked 28.4% after offering a rosier outlook for its fiscal first quarter. The company sees revenue of $34 million to $35 million, at least $5 million above the Thomson Financial consensus estimate. While it also swung to a non-GAAP fourth-quarter loss of $1.2 million, or 4 cents a share, vs. income of $1.8 million, or 9 cents a share, in the year ago period, the stock advanced $2.05 to close at $9.27.

Sonic Solutions (SNIC) jumped 24.5% after Canaccord Adams upgraded the digital media management application maker to buy from hold, according to The firm cited the DVD Copy Control Association's approval of on-demand DVD-burning using the industry's standard Content Scrambling System (CSS). Shares jumped $1.91 to close at $9.70.

HandHeld Entertainment (ZVUE) rocketed 55.2%, after the provider of digital media content for computers and mobile devices was named the fastest growing media company by comScore Media Metrix for August 2007. Handheld's unique visitors spiked 327% from July to August, comScore reported on Sept. 18. After Handheld highlighted the report in a press release Friday morning, shares jumped 95 cents to close at $2.68.

Chipmaker Skyward Solutions (SWKS - Get Report) added 3.3% after UBS initiated coverage of the stock with a buy rating. Shares rose 30 cents to close at $9.34.

Transaction management software maker Synchronoss Technologies (SNCR - Get Report), however, fell after the Associated Press reported late Thursday a director sold 12,500 shares. James McCormick sold the shares Monday for $38.01 to $39.77 apiece, in a prearranged trading plan. The stock shed $4.46, or 10.2%, to $39.20.

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
ZVUE $0.00 0.00%
ORCL $39.23 -0.15%
SNCR $28.90 -4.30%
TXN $56.64 0.37%
SWKS $64.35 -1.35%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs