This Day On The Street
Continue to site
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

Micron, Dell: Tech Winners & Losers

This story has been updated since 12:18 p.m. with information on Google and closing prices.

NEW YORK ( TheStreet) -- Micron (MU - Get Report) shares soared 3.8% to $6.55 on Monday as investors digested the news about the chip maker's acquisition of bankrupt Japanese rival Elpida Memory Inc for $750 million in cash and $1.75 billion in future installment payments.

In a related deal, Micron took a 24% stake in Taiwanese chip maker Rexchip Electronics for about $334 million. Elpida and Rexchip's manufacturing capabilities will roughly double Micron's capacity to make DRAM memory chips, a key component for smartphones and mobile devices.

Investors in Dell (DELL) weren't so lucky as the PC giant slipped 1% to $12.39 on Monday after announcing its acquisition of software specialist Quest Software (QSFT) for $2.4 billion.

Dell had been in a bidding war with buyout group Insight Venture Partners for months. Insight Venture Partners offered to buy Quest for $25.75 per share, or nearly $2.17 billion, earlier this year.

Concerns about cloud technology swirled on Monday after a violent storm caused server-related outages for Netflix (NFLX - Get Report), Instagram and Pinterest, which all rely on Amazon's (AMZN - Get Report) Web services unit. However shares of Amazon held strong on Monday, up 0.42% to $229.32. Netflix fell only 0.93% reaching $68.

Google rose slightly on Monday, gaining just 0.07% to close at $580.47 in light volume trade.

Last week, at its annual I/O conference, the company announced a vast array of products and services that directly compete with Amazon, Microsoft (MSFT) and Apple (AAPL).

--Written by Nathalie Pierrepont in New York.

>To submit a news tip, send an email to:

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DELL $0.00 0.00%
AMZN $659.59 9.57%
NFLX $90.03 -0.28%
MU $10.75 -7.49%
AAPL $93.74 -1.15%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs