jumped after the company said in a federal filing that it expects to record $5.7 billion in revenue in the December quarter. The forecast is about $700 million ahead of Wall Street estimates. Apple also said it sold about 14 million iPods and 1.25 million computers in the period. Speaking at the MacWorld Convention, CEO Steve Jobs said the company is currently selling 3 million songs a day on its iTunes Internet platform and has moved 8 million television shows since mid-October. Apple rose $4.25, or 5.6%, to $80.30.
rose after outlining a management shakeup that will include a
executive taking over a major business segment. Paulette Altmair, a nine-year Cisco veteran, was named to head Juniper's Applications Products Group, a key part of the company's network security business. Three Juniper executives stepped down, including worldwide sales chief Jim Dolce. In recent trading, Juniper rose 74 cents, or 3.5%, to $21.79.
fell as investors used a mostly upbeat profit update to trim positions after a solid 2005. The German software company said it expects fourth-quarter software revenue to be 1.18 billion euros, up 18% from about 1 billion euros a year ago. Overall revenue should be 2.75 billion euros in the quarter, about 10 million more than analysts had forecast. American depositary shares of SAP, which started the day trading at more than 28 times next year's Thomson First Call estimate, were recently down $1.50, or 3.1%, to $47.31.
Research in Motion
fell after CSFB cut the stock to underperform on concerns about rising threats to the company's BlackBerry messenger. While maintaining a $60 price target, CSFB warned clients that RIM will increasingly be under pressure to fend off competition from devices made by
. The brokerage also predicted trading in RIM's stock will be choppy as the company awaits resolution of its patent litigation with NTP. In recent trading, the stock was down $2.17, or 3%, to $71.15.
was the Nasdaq's fifth-biggest gainer after the company estimated first-quarter earnings at 8 cents to 10 cents a share, well above analysts' breakeven consensus. Citing brisk sales of displays, Planar said it expects to post December quarter revenue of up to $57 million, topping its old estimate of $50 million to $55 million. Analysts were forecasting revenue of $52.2 million. In recent trading, Planar rose $1.93, or 23%, to $10.40.
took off after the shares were upgraded to overweight at J.P. Morgan. The brokerage said Tweeter is poised for strong comparable store sales gains in 2006 after restructuring its sales staff last year, and said the stock is cheap compared to several larger peers. For the December quarter, J.P. Morgan expects the company to earn 31 cents a share, 3 cents ahead of the Wall Street consensus. Tweeter was recently up 84 cents, or 16.7%, to $5.88.
Other high-volume tech stocks Tuesday included Cisco, down 1.2%;
, down 0.3%;
, down 3.9%;
, up 6.2%; and
, down 1.9%.