Wednesday's Tech Winners & Losers
Updated from 2:43 p.m. EDT with new stock prices
Tech stocks were down Wednesday, along with the major market indices, as investors dealt with
more signs
of recession.
IT security company
Websense
(WBSN)
was up $1.22, or 6.6%, to $19.86 after the company reaffirmed its guidance for the year and said it expects first-quarter profit above Street expectations. Websense forecast revenue for fiscal 2008 between $325 million and $335 million and EPS, excluding charges, in the range of $1.15 to $1.25. Analysts are expecting revenue of $334.04 million and EPS of a $1.23.
Dell
(DELL) - Get Report
shed 31 cents, or 1.6%, to $18.69 after
The Wall Street Journal
the company is in talks with the Dubai government-owned Tecom Investments to create a joint venture for its sales in the Middle East.
Amazon.com
(AMZN) - Get Report
slipped $2.91, or 3.8%, to $74.39 as investors feared
UPS'
(UPS) - Get Report
hint at trouble for the online retailer, which significantly depends on UPS for shipping.
Motorola
(MOT)
was down 16 cents, or 1.7%, to $9.33. The company announced former
AT&T
(T) - Get Report
CEO David Dorman will replace outgoing Motorola chief Ed Zander as non-executive chairman.
Shares of GPS-based navigation devices maker
Garmin
(GRMN) - Get Report
continued to slide following a
by its rival
TomTom
on Tuesday. Garmin's stock shed $2.57, or 5.3%, to $45.90.