This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Friday's Tech Winners & Losers

Updated from 1:54 p.m. EDT with new stock prices

Tech stocks tumbled Friday along with the major market indices as investors turned bearish following weak consumer confidence data and poor first-quarter numbers from General Electric (GE).

Shares of mapping data supplier Navteq (NVT) fell $3.79, or 5.4%, to $67.18 as investors worried about the state of the navigation devices sector and whether Nokia (NOK) can successfully close its purchase of Navteq by gaining approval from European regulators.

GPS-based devices maker Garmin (GRMN) shed $1.73, or 3.7%, to $44.83 after an analyst at Oppenheimer cut his financial estimates for the company and downgraded the stock to perform from outperform. Consumers are pushing the purchase of navigation devices down their list, and the pricing of the devices has been under pressure because of increasing competition, wrote Yair Reiner. He reduced his 2008 estimates for Garmin to $3.98 billion in revenue and EPS of $4.03 from $4.44 billion in revenue and EPS of $4.68.

Chipmaker AMD (AMD) was down 25 cents, or 4%, to $6.02 after the company's chief technology officer stepped down. Phil Hester resigned with no replacement named yet.

Dish Network (DISH) lost 81 cents, or 2.6%, to $30.82 after the company lost its petition for a rehearing in the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. in its patent dispute with TiVo (TIVO). An earlier court ruling said Dish infringed a TiVo patent and awarded $74 million in damages to TiVo. TiVo was up 13 cents, or 1.5%, to $8.91.

In addition, SES Americom reported a recently failed launch of its satellite as a total loss, a move that will affect Dish, although Echostar (SATS), was to lease capacity on the satellite to expand its HDTV offerings, according to a report in Briefing.com.

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • 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