Posts Tagged ‘technology’

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NETL nails it, BAC busy, AFOP a flop

Thursday, February 3rd, 2011

NetLogic Microsystems Inc. (Nasdaq: NETL) shares gained 10.2 percent to $39.90, on volumes of 1.9 million, ahead of its full-day average of 1.4 million, after the semiconductor maker projected first-quarter profit above Wall Street’s estimates.

Bank of America Corporation (NYSE: BAC) traded in 45.6 million Thursday, compared to an all-day average of nearly 200 million. Share prices gained 0.9 percent to $14.36.

Alliance Fiber Optic Products (Nasdaq: AFOP) dipped in price Thursday by 21 percent to $15.40. Volume was 556,841, or nearly four times its daily average, the day after announcing fourth quarter revenues of $11,638,000, a 55-percent increase from revenues of $7,517,000 reported in the fourth quarter of 2009.

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TWX paces market, NVDA prominent, IVAC skids

Wednesday, February 2nd, 2011

Time Warner Inc. (NYSE: TWX) shares gained 8.6 percent to $35.09, on volume of 20.4 million shares, or triple its daily average, after the media company raised its dividend and reported stronger results.

Nvidia Corporation (Nasdaq: NVDA) traded in 32.2 million shares, trumping its daily average of 23.1 million. Prices for NVDA raced ahead 5.3 percent to $25.77.

Intevac Inc. (Nasdaq: IVAC) shares were off 8.9 percent to $12.65, on volume of 825,000, overwhelming a daily average of 101,000, after the manufacturing-equipment maker reported fourth-quarter and full-year revenue below estimates.

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ADS adds, MSFT a mover, KTCC trips

Wednesday, February 2nd, 2011

Alliance Data Systems Corp. (NYSE: ADS) shares were up 5.2 percent to $76.03. Volume for the stock was 2.1 million shares, compared to an average of 634,000, after the credit-card processor reported fourth-quarter earnings that topped Wall Street forecasts.

Microsoft Corporation (Nasdaq: MSFT) traded in 34.6 million shares, making it a volume leader, while trailing its daily average of 62 million. Prices for the software maker were flat at $28.00.

Key Tronic Corporation (Nasdaq: KTCC) shares tumbled 21.3 percent to $4.72, on volume of 957,000, compared to an average of only 62,000, after announcing quarterly revenues that proved 36-percent higher than the prior-year quarter.

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NAVI goes sailing, INTC busy, ALVR goes south

Wednesday, February 2nd, 2011

NaviSite Inc. (Nasdaq: NAVI) shares advanced 31.7 percent to $5.44, on volume of 9.4 million, overwhelming a daily average of about 91,000, after cable and Internet-service provider Time Warner Cable Inc. (NYSE: TWC) late Tuesday said it would acquire the remote-server host provider for about $230 million.

Intel Corporation (Nasdaq: INTC) traded in 17.4 million shares Wednesday, trailing a daily average volume of 55.6 million. Prices for the stock improved 0.7 percent to $21.62, as the fallout continued from its billion-dollar chip error.

Alvarion Ltd (Nasdaq: ALVR) shares declined 11.3% to $1.96. Volume for the stock was 572,918 shares, better than twice its daily average, after the Israeli maker of wireless-broadband equipment reported a larger fourth-quarter loss.

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MEMC a maniac, LVLT levels off, BRCM wobbles

Wednesday, February 2nd, 2011

MEMC Electronic Materials Inc.(NYSE: WFR) shares gained 10.6 percent to $12.86, on volume of 10.3 million shares, more than double its daily average, one day after the maker of silicon wafers reported swinging to a profit in the latest quarter.

Level 3 Communications Inc. (Nasdaq: LVLT) traded in 17.1 million shares, pursuing a daily average volume of 23.3 million. Prices for the stock sagged, however, 5.3 percent to $1.22, after reporting quarterly sales fell to $921 million from $924 million in prior-year quarter.

Broadcom Corp. (Nasdaq: BRCM) shares jettisoned 7.4 percent to $42.98, on volume of 14.2 million, better than double its full-day average, after the chip maker late Tuesday reported fourth-quarter margins beneath Wall Street’s expectations.

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