Speculative fever hit the Voice over Internet Protocol (VoIP) sector for the first time in months on Monday. Cisco Systems expected to have a big third quarter - May. 8, 2006:: A rebound in corporate spending and a big acquisition should translate into a Historical, current end-of-day data, and splits data provided by Interactive http://money.cnn.com/2006/05/05/technology/cisco_preview/index.htmHOME |
Starting the day off was a positive cover story on VoIP in Barron's, followed by Lucent's $295 million acquisition of VoIP switch start-up Telica.
The result was the biggest day in months for stocks like 8X8 and Delta Three, which gained 14% and 24%, respectively.
After a four-month downtrend, any spark is a good sign for tech stocks. Now let's see if it catches.
The broader market finished the day mixed, as rising oil prices continued to weigh on blue chips. CES Slideshow: A Big First Day -:: VoIP. Ink Jet Printers. Windows Vista. Laser Printers. Windows XP. LCDs. Wireless Networking CES Slideshow: A Big First Day. Slide Title: A Ticket to Ride http://www.pcmag.com/slideshow_viewer/0,1205,l=&s=1489&a=142227&po=9,00.aspHOME |
The Nasdaq climbed 10 to 1922, the S&P 500 gained 1 to 1095, and the Dow slipped 8 to 9958. Volume declined to 1.23 billion shares on the NYSE, but rose to 1.42 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 19-11 on the Nasdaq. Upside volume was 68% on the NYSE, and 67% on the Nasdaq. New highs-new lows were 31-27 on the NYSE, and 60-64 on the Nasdaq. Zultys Refreshes IP PBX Software:: Version 3.0 brings features to please IT managers, system integrators, and Fundamentals of VoIP Yesterday was a big day for Zultys Technologies. http://www.voipplanet.com/solutions/article.php/3614866HOME |
After the close, Novell met estimates.
During the day, Applied Micro surged 10% on a positive write-up in Barron's.
Red Hat gained 4% on a front-page Wall Street Journal article on the Linux challenge to Microsoft's desktop dominance. Microsoft slipped on the WSJ piece and a setback in its Lindows case.
Yahoo and Research in Motion notched new 52-week highs.
palmOne rose 11% after winning a patent case.
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