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

Monday's Tech Winners & Losers

Updated from 2:36 p.m. EDT with new stock prices

Tech stocks were mostly down Monday along with the major market indices as Wall Street grappled with rising oil prices and downbeat news from the financial services sector.

Intel (INTC - Get Report) rose 5 cents, or 0.3%, to $20.12 after analyst comments about a recovery in the memory chips market. Chip maker Texas Instruments (TXN - Get Report) is also expected to offer a mid-quarter update that could offer clues to the health of the semiconductors industry.

Shares of Level 3 Communications (LVLT - Get Report) sank 31 cents, or 14.2%, to $1.87 after company president and chief Operating Officer Kevin O'Hara stepped down, effective immediately. Level 3 also terminated its previously disclosed search for a new CFO, saying incumbent Sunit Patel will continue in the role.

Video games publisher Take-Two Interactive (TTWO - Get Report) was down 72 cents, or 2.8%, to $24.85, a day ahead of the company's first-quarter fiscal 2008 results.

Analysts are expecting a loss of 51 cents on revenue of $211.15 million in the quarter. For the second quarter, analyst estimate the company will post revenue of $462.77 million and earnings of $1.02 a share.

Shares of VMware (VMW - Get Report) declined $3.94, or 7.7%, to $47.51, hitting a new 52-week low.

The stock is down nearly 40% since Jan. 28, when the company forecast growth of 50% for 2008, down from a 85% growth rate in 2007.

VMware has been battling increased competition from companies such as Microsoft (MSFT - Get Report) and Citrix (CTXS - Get Report).

EMC (EMC - Get Report) fell 33 cents, or 2.2%, to $14.70 after portable data storage company Iomega (IOM) rejected EMC's $3.25 a share bid for it. Shares of Iomega gained 54 cents, or 20.3%, to $3.20.

Google (GOOG - Get Report) fell $19.73, or 4.6%, to $413.62, hitting a new 52-week low.

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
CTXS $74.87 7.50%
EMC $26.43 -1.30%
GOOG $625.33 -0.43%
INTC $28.88 -0.29%
LVLT $50.86 -3.10%

Markets

Chart of I:DJI
DOW 17,658.53 +28.26 0.16%
S&P 500 2,094.64 +1.39 0.07%
NASDAQ 5,084.6320 -4.5740 -0.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs