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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Research In Motion, Yahoo!: After-Hours Trading (Update 1)

Updated from 6:02 p.m. ET for latest share prices, information about Research In Motion, Xoma.

NEW YORK ( TheStreet) -- Shares of Research In Motion (RIMM) slumped in Tuesday's extended session after Samsung said it's not interested in acquiring the struggling Blackberry maker.

James Chung, a spokesperson for Samsung, was quoted by Reuters as saying: "We haven't considered acquiring the firm and are not interested in (buying RIM)."

The stock had gained 8% in the regular session to close at $17.47 with volume reaching nearly 60 million, nearly three times the issue's trailing three-month daily average of 21.6 million, following speculation on a blog that Samsung was targeting a deal for Research In Motion.

In after-hours action, the shares gave back 97 cents, or 5.6%, to $16.50 on volume of around 650,000.

Linear Technology

Shares of Linear Technology (LLTC - Get Report) rose in late trades Tuesday after the chip maker topped Wall Street expectations with its latest quarterly results and gave an above-consensus revenue view for its fiscal third quarter.

Milpitas, Calif.-based Linear reported non-GAAP earnings of $104.9 million, or 45 cents a share, for its fiscal second quarter ended Jan. 1 on revenue of $294.3 million. The average analysts' estimate was for a profit of 39 cents a share in the latest three-month period on revenue of $294.3 million.

For its fiscal third quarter ending in March, Linear forecast sequential revenue growth of 4%-8%, which implies a range of $306.1 million to $317.9 million. Wall Street's current estimate is for revenue of $302 million in the quarter.



The stock was last quoted at $32.20, up 7.8%, on volume of more than 75,000, according to Nasdaq.com. Based on Tuesday's regular session close at $29.87, the shares were down more than 15% in the past year, scraping a 52-week low of $25.41 on Aug. 9.

Linear also said it's increasing its quarterly dividend by 4% to 25 cents a share from 24 cents a share. That brings the forward annual yield on the shares to 3.3% before factoring in the after-hours move.

"This was an encouraging quarter in a difficult global economic environment," said Lothar Maier, Linear's CEO, in a statement. "We met the mid point of our guidance and we believe that we are at an inflection point in our business. Bookings, which started slowly, strengthened in December and continued strengthening in January."

Wall Street was skeptical on Linear ahead of the news with 14 of the 23 analysts covering the stock at either hold (11), underperform (2) or sell (1) and the 12-month median price target at $32.50.

Yahoo!

Shares of Yahoo! (YHOO - Get Report) got a boost after the bell following news that co-founder Jerry Yang has resigned from the company's board.

Yang has also resigned from the boards of Yahoo! Japan and Alibaba Group. He cited a need to "pursue other interests outside Yahoo!" for the decision.

>>>Was Jerry Pushed at Yahoo!

Is Yang Really Gone From Yahoo!

1 of 2

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
CREE $38.86 0.00%
LLTC $48.37 0.00%
YHOO $44.16 0.00%
XOMA $3.66 0.00%
AAPL $127.20 0.62%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

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