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

Research in Motion, Sony: Tech Winners & Losers (Update 1)

Updated from 2:35 p.m. EST to provide updated closing prices and information on Adobe Systems and Advanced Micro Devices.

NEW YORK ( TheStreet) -- Shares of Research in Motion (RIMM) fell 3.86% to $10.33 on Wednesday after reports swirled that the company is cutting jobs.

Netflix (NFLX - Get Report) shares dropped 2.39% to $68.16 on Wednesday.

If the company is unable to obtain top film rights in the United Kingdom by next summer, it may ask British regulators to launch a second movie monopoly probe against News Corp (NWS)'s BSkyB, according to paidContent.

Adobe Systems (ADBE - Get Report) cut its revenue outlook for 2012 on Tuesday, citing weaker demand forecast in Europe.

Adobe said it expects third-quarter revenue to be between $1.075 billion and $1.125 billion, slightly below Wall Street's forecast of $1.133 billion. Excluding items, the San Jose, Calif.-based firm expects to earn between 56 cents and 61 cents a share. Analysts surveyed by Thomson Reuters had predicted earnings of 61 cents a share. Shares declined 2.74% to $31.99 on Wednesday.

Shares of Advanced Micro Devices (AMD) rallied 4.30% to $6.06 on Wednesday after a slight decline on Tuesday.

Despite the first year-over-year drop in LCD-TV's television shipments, according to research firm NPD Group, shares of Sony (SNE - Get Report) climbed 3.02% to $13.97.

Sony holds 9.4% of the flat panel TV market, but lags behind leader Samsung Electronics. Samsung holds a 26% market share, and LG Electronics has 14.6% of the market.

Check Point (CHKP - Get Report) shares rose 3.93% on Wednesday, reaching $50.55, after announcing it had entered into a partnership with Radware (RDWR), a provider of application delivery and application security solutions.

Under the agreement, Check Point will base its DDoS Protector appliances on Radware's Attack Mitigation System.

"Teaming with Check Point on the DDoS Protector line of security appliances brings together two industry leaders in a best-of-breed solution to help business effectively detect and block in seconds the type of DoS attacks that overuse network and application resources," said Radware's Vice President of Corporate Development and Strategic Business, Shai Schiller in the company press release.

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

>Contact by Email.

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
ADBE $79.36 0.00%
CHKP $85.78 0.00%
NFLX $615.95 0.00%
SNE $31.63 0.00%
AAPL $129.62 0.00%

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs