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Better than expected results from Research in Motion and Red Hat put investors in a holiday mood on Thursday.
RIM shares jumped 10.6% after the company's results and guidance beat Wall Street estimates. The only downside was that the company's subscriber growth suffered somewhat from its high-profile patent battle with NTP, but investors were cheered by the otherwise solid results. members.aol.com/jruss27647/TOYRPT.TXT:: LION CIRCUS TRUCK 2 REPRO 0 RED NB 8 25 1 HORSES 8 1/2 CAST IRON 69 PLANE DIE CORGI 1066 BLK 8 9 200 1 2106 VW 1200 RALLY BUG DIE 384 CORGI 1973 BLU 8 9 75 1 http://members.aol.com/jruss27647/TOYRPT.TXTHOME | Have You Not Heard?:: law that no more than 50% of a hat may be red in color, and that it can only be Methodist Retreat Center Hosting Pro-Homosexual Rally Over Labor Day Weekend http://engraved-on-his-hands.home.att.net/Stromata/Temp/Temp-1b.htmHOME |
Red Hat, meanwhile, rose 4.7% on a big jump in Linux subscription revenue.
Gains in the broader market were driven by a personal income and spending report that showed little inflation pressure. The Cornell Basketball Blog: Cornell Basketball in the News:: scored six points in the final 25 seconds to spark the Reds stirring comeback. Red, which led by 10 points with 34 seconds left and held off a furious rally. http://cornellbasketball.blogspot.com/2008/03/cornell-basketball-in-news_19.htmlHOME |
The Nasdaq rose 14 to 2246, the S&P 500 added 5 to 1268, and the Dow climbed 55 to 10,889. Volume fell to 1.89 billion shares on the NYSE, and 1.54 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 19-11 on the Nasdaq. Upside volume was 65% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 101-95 on the NYSE, and 114-46 on the Nasdaq. DUBOB 11- more tales from the Dark UnderBelly Of the Beast:: Peace activists (Code Pink) to rally at Pelosis San Francisco home. A World Without Children Democratic (the party of the Jews) said here; hat tip 1TRK http://www.freerepublic.com/focus/f-chat/833678/posts?page=6646HOME |
Micron lost 3.5% on weak DRAM pricing, but that didn't hold back the chip sector, which gained more than 1% on the day.
Tibco and Cognos rose on their results.
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