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

HP's Autonomy Hassles: Tech Weekly Recap

Apple rival Research In Motion (RIMM) made some big share gains this week as the embattled Canadian handset maker received some much-needed love ahead of its forthcoming BlackBerry 10 launch.

On Tuesday Jefferies analyst Peter Misek upgraded RIM to hold, citing strong carrier support for BlackBerry 10.

On Wednesday, before the market's Thanksgiving break, National Bank Financial analyst Kris Thompson increased his RIM price target to $15 from $12, citing investor opportunities ahead of BlackBerry 10's arrival next year.

RIM shares rose a whopping 36% during the week's trading to close at $11.66.

There was also some M&A news this week, with Cisco (CSCO - Get Report) announcing a $1.2 billion deal for privately held cloud networking specialist Meraki late on Sunday.

Meraki touts technology for Wi-Fi, switching, security and mobile device management, which is managed from the cloud. With a growing number of businesses letting employees hook their own smartphones and tablets up to corporate networks (a phenomenon known as Bring Your Own Device, or BYOD), Cisco sees an opportunity to tap into this trend through the Meraki.

The Meraki acquisition comes hot on the heels of Cisco's $125 million purchase of cloud automation and management specialist Cloupia last week.

Cisco shares gained 12% to end the week at $18.84.

Intel (INTC - Get Report) CEO Paul Otellini will retire in May, the chip giant announced on Monday.

Otellini, who has led the No. 1 chipmaker since 2005, has decided to retire at the company's annual shareholders' meeting next year, Intel said. The company's board will consider internal and external candidates to succeed Otellini, according to Intel's statement.

Shares of Intel ended the week down 5.2% at $19.72. (CRM - Get Report) beat analysts' third-quarter estimates on Tuesday, boosted by hikes in subscription/support revenue and its professional services business.

" is the first enterprise cloud computing company to exceed a $3 billion annual revenue run rate," said CEO Marc Benioff, in a statement.

Salesforce shares rose 13% to close the week at $159.45.

The Thanksgiving holiday and Black Friday may be over, but the holiday shopping season continues apace next week. I hope that you get a chance to rest up this weekend before Cyber Monday kicks off.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to:
2 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
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
AAPL $118.88 0.00%
CRM $80.39 0.00%
CSCO $27.27 0.00%
HPQ $14.64 0.00%
INTC $34.36 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs