technology posts
FeedPosted Nov 4th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Good news, Cisco Systems (CSCO), Market matters, Technology, Recession

Following today's market close, technology giant
Cisco Systems (NASDAQ:
CSCO) had its chance to impress Wall Street with
its fiscal first quarter results, and the company did not disappoint.
Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting actual earnings of 36 cents per share for its fiscal first quarter. For the same period last year the company had earnings of 42 cents per share.
Continue reading Cisco posts strong Q1 earnings
Posted Oct 12th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Major movement, Earnings reports, Good news, Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Market matters, Walt Disney (DIS), Target Corp. (TGT), S and P 500, DJIA, NASDAQ

The markets had a relatively flat day to start the week, but there were some big name stocks that traded up to new 52 week highs in today's session. The DOW was up 0.2%, NASDAQ was down 0.01%, while the S&P saw the most change, closing up 0.4%.
Here are a couple of the bigger names that traded up to new 52 week highs in today's trading.
- Intel Corporation (NASDAQ: INTC): Chipmaker Intel Corp. traded up to a new 52 week high today of $20.65. It set its 52 week low of $12.05 back on 2/23/09. The stock is trading higher today ahead of the company's third quarter earnings numbers, which are due out tomorrow following the market close. Analysts are expecting the company to show earnings of 27 cents per share. The company reported a loss of 7 cents per share for its second quarter. The stock closed the day up 1.1% at $20.40, up $0.23 on the day.
Continue reading Some big names setting new highs: INTC, STX, SGP
Posted Oct 4th 2009 11:20AM by Connie Madon (RSS feed)
Filed under: Industry, Technology, Recession
We have some good news to report in the technology sector. According to the Wall Street Journal (subscription required), global chip sales jumped 5% in August from the previous month, for a six month run of higher sales.
The Semiconductor Industry Association, which tracks sales, reported that gains were made in every sector. The Americas saw an increase of 5.4%, while the Asia Pacific region increased 5.3%. In terms of raw numbers, the Asia Pacific region accounts for more than half of global sales.
Continue reading Global chip sales jump 5% in August
Posted Sep 30th 2009 4:40PM by Michael Fowlkes (RSS feed)
Filed under: Products and services, Launches, Internet, Competitive strategy, Google (GOOG), Media World, Technology

Internet giant
Google Inc. (NASDAQ:
GOOG) sent out invitations to 100,000 developers to come in a test the waters of its
newest creation, Google Wave.
Unfortunately, for most of us, since the service is being offered on an invitation only basis, we will have to wait a bit longer to see what Google Wave is all about, but it does seem to offer some really nice features that will probably become very popular with internet users.
Continue reading Google issues invites to Google Wave
Posted Sep 3rd 2009 2:30PM by Mark Fightmaster (RSS feed)
Filed under: Nokia Corp. (NOK)

I thought the idea behind the netbook was for it to be a smaller, cheaper option to a laptop computer. Well,
Nokia (NYSE:
NOK) has decided that it doesn't want to leave out those who prefer to pay a lot for their tech products, announcing that its new Booklet 3G netbook will carry a
price tag of $820!
Therein lies the problem that NOK is going to face when selling the new Booklet. The allure of netbooks is that they can provide the power of a computer, without all the bells and whistles. You basically buy a netbook so you can have the internet, and that is about all. No hard drives are included because of the ability of web-based applications, so you have a drive-free way of connecting to the internet.
Continue reading Nokia introduces a netbook with a desktop price
Posted Aug 11th 2009 9:30AM by Mark Fightmaster (RSS feed)
Filed under: Deals

Late Monday,
VMware (NYSE:
VMW) announced that it will
acquire SpringSource, a privately held company. The deal carries a total value of $420 million, which will consist of $362 million in cash and equity along with $58 million in unvested stock and options. The deal is expected to close in the third quarter of the year.
The acquisition is believed to have been made in order to help VMW expand its management software in order to work with what is known as cloud computing services. Cloud computing is a service over the Internet where users have an external company run the applications.
Continue reading VMware acquires SpringSource
Posted Jul 23rd 2009 11:40AM by Steven Halpern (RSS feed)
Filed under: Apple Inc (AAPL), Newsletters, iPhone, Stocks to Buy
"Apple (NASDAQ: AAPL), already on our recommended list selection, announced fiscal Q3 earnings after the bell last night that, to no one's surprise, easily topped Wall Street estimates," notes Geoffrey Seiler.
In his Bull Market.com advisory, he reviews the latest earnings report and offers his outlook for the shares -- including a boost to his price target for the stock.
"For the quarter ended June 27th, the company earned $1.23 billion, or $1.35 a share, up 15% from $1.07 billion, or $1.19 a share, a year ago. Analysts were only looking for EPS of $1.17.
Continue reading Bullish momentum boosts Apple (AAPL)
Posted Jul 23rd 2009 9:40AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Apple Inc (AAPL), Cisco Systems (CSCO), Intel (INTC), Market matters, Oracle Corp (ORCL), Cramer on BloggingStocks, Technology, NASDAQ
TheStreet.com's Jim Cramer says the tech industry benefits because the Obama administration pays it little attention. When you get a streak like technology's had here -- and I am including the Nasdaq as a barometer of tech, with its 11th consecutive positive close -- you have to ask yourself: Is there something going on that's even bigger than the visible themes? I'm talking something beyond low inventories for semis, new product cycles based on Internet mobile, and valuations that got out of hand to the downside.
And I think I have it.
Washington doesn't care about tech. Tech can do what it wants. Tech's not unionized, so Card Check and arbitration, the next battleground, doesn't affect it. Tech doesn't pollute much, so cap-and-trade doesn't mean much. Tech's not much for pensions or for any help from the government with health care. It has virtually no legacies and is largely 401(k).
Continue reading Cramer on BloggingStocks: Tech can do what it wants
Posted Jul 15th 2009 1:40PM by Mark Fightmaster (RSS feed)
Filed under: Earnings reports

After the closing bell tolled yesterday afternoon, chipmaker
Altera (NASDAQ:
ALTR) announced that its profit
fell 52% in the second quarter. The chipmaker's profit was pushed lower thanks to falling sales and increasing taxes. During the quarter, ALTR saw net income decrease to 16 cents per share compared to last year's 32 cents per share. While the results fell short of those from a year ago, ALTR managed to match the consensus estimate of 16 cents per share. Revenue dropped to $279.2 million from $359.9 million a year ago - estimates called for $277.6 million in revenue. According to the company, a court ruling increased ALTR's tax costs by four cents per share. The court ruling stemmed from worldwide equity compensation cost sharing, and although the company wasn't involved in the case, it decided to increase its tax responsibilities.
Continue reading Altera's earnings fall year-over-year but manages to match estimates
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