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!

Friday's Tech Winners & Losers

Updated from 12:02 p.m. EDT

Oracle's (ORCL) 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) 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) 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), 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.

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 17,814.68 +36.53 0.21%
S&P 500 2,062.73 +1.50 0.07%
NASDAQ 4,742.7690 -5.6270 -0.12%

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