shares were among technology's winners Wednesday, jumping 30% after the maker of digital video surveillance systems said it received a contract for its first-ever airport installation.
Laughlin/Bullhead City International Airport, which serves the tri-state area centered around southern Nevada, will install the company's digital surveillance system. "Since we plan an aggressive program to pursue opportunities at airports around the world, it will be very helpful to have a working installation that will showcase the advantages of our system, and as such, this installation opens the door to a very large market worldwide," said Global ePoint Chief Executive Toresa Lou in a statement. The company's shares were trading up 83 cents to $3.59.
Nasdaq Powers Past Record High Amid Bond Market Lull; Tesla Extends Gains
With investors content to buy into Fed Chairman Jerome Powell's inflation optimism, bond markets are holding steady and stocks are looking to test fresh record highs.
Research in Motion
shares fell after the BlackBerry maker cut its subscriber forecast due to product launch delays. The company said its BlackBerry 8700 for Edge networks and the BlackBerry 7130 for EV-DO networks won't be available until December, rather than early November as previously anticipated. As a result, Research in Motion sees third-quarter subscriber additions about 8% below its previous forecast of 680,000 to 710,000, with fourth-quarter additions about 3% below the previous projection. RIM shares, which opened about 7% lower, recently regained ground and were down $1.60, or 2.4%, to $65.48.
rose 8% after the company announced that its board has adopted a shareholder rights plan. The RF-communication company declared a dividend of right for each share held as of Nov. 29. Each right will entitle shareholders to buy one ten-thousandth of a preferred stock share at an exercise price of $45, if an entity seeks to acquire 15% or more of the company. ParkerVision noted that the poison pill wasn't in response to any effort to buy control of the company, and it's not aware of any such effort. Shares recently changed hands at $9.01, up 70 cents.
fell 5% after the company's third-quarter report failed to impress investors. The provider of IT-automation software narrowed its third-quarter loss to $2.8 million, or 3 cents a share, from $6.3 million, or 8 cents a share, a year ago. Excluding certain items, the company posted a loss of $1.9 million, or 2 cents a share, in line with analysts' forecast. Opsware's revenue increased 50% to $15.3 million from $10.2 million last year. For the fourth quarter, Opsware expects to report a loss of a penny a share to 2 cents a share on revenue of $17 million to $18 million, compared with Wall Street's forecast for a loss of a penny a share on sales of $17.9 million. Opsware shares recently traded at $5.69, down 29 cents.
Other heavily traded technology stocks Wednesday included
, up 10 cents to $2.49;
, up 67 cents to $26.83;
, up 7 cents to $27.98;
, up 12 cents to $3.89;
, up 24 cents to $17.52;
, up 84 cents to $43.20;
, up $1.24 to $67.76; and
, up 43 cents to $17.97.