| McData plunged more than 17% Monday after warning that third-quarter earnings and revenues will come in lower than analysts expected.
McData has been locked in a price war with Brocade and Cisco in the storage switch market. And with two acquisitions announced Monday, McData plans to make that rivalry even hotter, and put pressure on CNT too.
Brocade and CNT fell on the news, but Cisco edged higher.
The broader market sagged under downgrades to Dow heavyweights Caterpillar and Alcoa. McData, NetApp team to converge SANs, NAS | ITworld::
The two vendors will be partnering to deliver storage interoperability between the Stumble. Reddit. Newsvine. Post a comment. Your name: * E-mail:
http://www.itworld.com/030716mcdataHOME |
The Nasdaq slipped 1 to 1764, the S&P 500 gained fractionally to 993, and the Dow lost 31 to 9317. Volume declined to 957 million shares on the NYSE, and 1.12 billion on the Nasdaq. Decliners led 19-13 on the NYSE, and 18-13 on the Nasdaq. Downside volume was 61% on the NYSE, and 59% on the Nasdaq. New highs-new lows were 55-12 on the NYSE, and 119-12 on the Nasdaq. Gateway May Still Be in Play - TheStreet.com::
The advent of the Acer merger means more focus on the battle for the No. 3 PC Stumbles 75% from a year ago on the McData buy. 2007-08-02 12:38:15.0
http://www.thestreet.com/_yahoo/newsanalysis/techhardware/10376590_4.htmlHOME |
RealMoney.com: Cisco Stumbles in Its Storage-Switch Effort::
Cisco Stumbles in Its Storage-Switch Effort, The networking giant hasnt taken share from Brocade and McData as many expected. But the game is on.
http://www.thestreet.com/p/tech/billsnyder/10128986.htmlHOME |
Intel slipped after CEO Craig Barrett tempered Friday's bullish forecast by saying it is "too early to suggest it is a total turnaround."
RealNetworks fell 8% on security concerns.
Macromedia rose 6% on a product overhaul.
Level 3 and SBC slipped despite extending their alliance.
SGI gained 10% on Linux plans.
Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:
http://www.InternetStockReport.com.
 Technical Analysis: Put Buyers Emerge
 OpenTV Adds New Execs in iTV Expansion | 
HOME