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
IT security company
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.
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.
slipped $2.91, or 3.8%, to $74.39 as investors feared
hint at trouble for the online retailer, which significantly depends on UPS for shipping.
was down 16 cents, or 1.7%, to $9.33. The company announced former
CEO David Dorman will replace outgoing Motorola chief Ed Zander as non-executive chairman.
Shares of GPS-based navigation devices maker
continued to slide following a
by its rival
on Tuesday. Garmin's stock shed $2.57, or 5.3%, to $45.90.