| Microsoft gave investors reason to celebrate Friday with better than expected results and guidance.
However, the company's own stock managed only a small gain after it dashed hopes for a dividend boost.
But investors seized the opportunity to bid up stocks on one of the few genuinely positive technology earnings reports that the second quarter has produced.
The Nasdaq recovered 10 to 1708, the S&P 500 rose 11 to 993, and the Dow surged 137 to 9188. Volume declined to 1.36 billion shares on the NYSE, and 1.6 billion on the Nasdaq. Advancers led 21-10 on the NYSE, and 18-12 on the Nasdaq. Upside volume was 80% on the NYSE, and 64% on the Nasdaq. New highs-new lows were 61-15 on the NYSE, and 106-11 on the Nasdaq. E-Commerce News: Wall Street: Yahoo Shares Slide on Dismal Q1 Results::
has formally told investors not to expect results from Panama until later in the year. Microsofts (Nasdaq: MSFT) sites garnered a distant third with a
http://www.ecommercetimes.com/rsstory/56954.htmlHOME |
A host of tech stock got rave reviews from investors on their earnings reports. Ericsson, Scientific Atlanta, Avid, and Extreme scored double-digit gains, and UTStarcom rose 5% on its earnings.
WebEx started out with strong gains but gave them back by the close, and PMC-Sierra and Xilinx declined on their results.
PeopleSoft completed its acquisition of JD Edwards.
Amazon lost 3.7% on patent troubles.
Netflix fell on worries about potential competition from Starbucks and Wal-Mart.
smh.com.au - The Sydney Morning Herald::
Investors will be counting on companies to show them decisively positive results, technology, given the better-than-expected results from Microsoft and Intel.
http://www.smh.com.au/articles/2003/04/18/1050172758107.htmlHOME |
Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:
http://www.InternetStockReport.com.
 Injunction Shuts Down Streaming Sex Sites
 Technical Analysis: Reversal Back Up | 
Investors Cheer Microsoft Results