| Openwave rose 10% after the bell on Monday after blowing out earnings estimates. Stocks drifted lower during the day on an earnings warning from Dell Computer.
The ISDEX http://www.wsrn.com/apps/ISDEX/ slipped 1 to 416, and the Nasdaq lost 12 to 2757. The S&P 500 was unchanged at 1342, and the Dow fell 9 to 10,578. Volume declined to 1.13 billion shares on the NYSE, and 2.02 billion on the Nasdaq. Advancers led by 16 to 12 on the NYSE, and 19 to 18 on the Nasdaq. The Leading Economic Indicators report was the latest to show significant economic weakness. Fed Chairman Alan Greenspan testifies on Capitol Hill on Thursday, a week before the Fed's next meeting. For earnings reports, visit our earnings calendar at http://www.wsrn.com/apps/earnings/internet.xpl and reported earnings at http://www.wsrn.com/apps/earnings/ireported.xpl. For after hours quotes and news, visit our after hours trading site at http://www.afterhourstrading.com.
Openwave rose 5 points to 58 after hours after reporting earnings of 9 cents a share, 12 cents better than estimates. Revenue grew 36% sequentially. FreeMarkets was unchanged at 26 11/16 after beating estimates by 4 cents with a 27-cent loss. Vitesse fell 6 to 61 after beating estimates by a penny with 25-cent earnings. Texas Instruments slipped after hours after missing estimates by 2 cents with a 31-cent loss and lowering forward guidance. Communications and Technology Blog - Tehrani.com::
Yahoo estimates about $800 million in revenue from this deal and if the .. you feel if someone takes your devices and or broadband connection away.
http://blog.tmcnet.com/blog/rich-tehrani/?page=18HOME |
From editortelecomdigestorg Tue Jun 22 153440 2004 Receivedfrom ::
list nor to be sold or given away without explicit written consent Chain Dally Director Product Marketing Client Software Openwave Systems 1140
http://mirror.lcs.mit.edu/archives/back.issues/2004.volume.23/vol23.iss301-350HOME |
Storage giant EMC, off 13/16 to 76 1/2, reports tomorrow morning. MPR: Updraft: January 2008 Archive::
These non-descript "open wave" systems slide through with barely enough to shovel away from you sidewalk or driveway. Each winter weather system can have
http://minnesota.publicradio.org/collections/special/columns/updraft/archive/2008/01/HOME |
Google News Report USA Stories - Houston Chronicle::
Business, National earnings Google profit comes in shy of estimates, 07/20, 4, 1.38 . Business, Aftermarket Movers: Openwave, Mitcham, 06/04, 1, 0.51
http://88.198.49.15/~search/gnews/sources.php?country=us&src=SG91c3RvbiBDaHJvbmljbGU%3D&listby=sectionHOME |
InfoSpace fell 1 29/32 to 7 after announcing a management reshuffling and a deal with Microsoft.
MarchFirst soared 1 9/32 to 3 5/32 on a CS First Boston Buy rating, based on the company's recent announcement of a $150 million investment from Francisco Partners.
E.piphany fell 7 55/64 to 29 5/16 after Morgan Stanley Dean Witter lowered earnings estimates on the company. JDS Uniphase lost 15/16 to 59 7/8 on a Wit SoundView downgrade.
Drugstore.com slipped 7/16 to 2 3/16 despite beating estimates by 10 cents with a 45-cent loss.
Some technical comments on the market: Note: We are now including charts in the technical market commentary. If you can't get the charts via the e-mail newsletter version, try this link: http://www.afterhourstrading.com/column.html
The Nasdaq and S&P 500 broke down out of their smaller rising channels today (first and second charts), following up on last week's reversal signals. However, we still expect any pullback to be modest, perhaps to the gaps at 2618.55 on the Nasdaq and 2470.72 on the Nasdaq 100, and certainly no lower than 2450 on the Nasdaq, the lower channel boundary in that chart.
As we wrote about recently, the Nasdaq broke its 4 1/2-month downtrend (first chart). But if you look at the same line on a logarithmic scale (second chart), plotting the line by percentage moves instead of point moves, the index barely broke its downtrend on Friday and then reversed.
The S&P 100 was rejected Friday at its September downtrend line (first chart), a sign of weakness in the largest stocks. The index didn't even come close to its log downtrend line (second chart). The bulls still need to do more to take control of this market away from the bears.
The Dow continues to be the one big trouble spot for the market. So far, it's holding above its December bottom, but the extreme rotation from the old industrials into the Nasdaq is a warning sign for the market as a whole. Critical support is 10,300 on the Dow, and a close above 11,007 would be bullish, particularly if the Dow Transports can get back above 3000 and stay there. The Trannies closed at 2969 today.
Special report: For a free introduction to technical chart patterns and an overview of last year's action in the stock market, visit http://www.internetstockreport.com/guest/article/0,1785,2571_500051,00.html.
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Openwave Blows Away Estimates