Posts Tagged ‘technology’

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EPIC excels, CSCO flat, OVTI thumped

Monday, April 4th, 2011

Epicor Software Corp. (Nasdaq: EPIC) shares climbed 11.3% to $12.51, on volume of 11 million shares, routing its daily average of 274,000, after the business supplier agreed to be acquired in a deal worth about $976 million.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 41.2 million shares Monday, compared to a 73.1-million-share average. Prices were flat, though, at $17.03. Shares of video conferencing products maker Radvision (see previous blog) are down $1.69, or 14%, at $10.27 after the company this morning cut its Q1 outlook, saying that revenue from Cisco Systems is coming in much lower than expected, at about $2 million versus $5 million expected.

OmniVision Technologies Inc. (Nasdaq: OVTI) shares slid 8.6% to $33.09, on volume of 7.5 million shares, or triple its daily average, on worries it might be replaced as Apple Inc.(Nasdaq: AAPL) image-sensor supplier in the next version of the iPhone. Apple shares dipped 1.4% to $339.70.

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MSSR gets a bite, INTC softens, RVSN stumbles

Monday, April 4th, 2011

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR) shares gained 29.2% to $9.20, on volume of 515,736 shares, overwhelming an average of 78,167, after Landry Restaurant Inc.’s chief executive said he planned to launch a hostile bid for the restaurant chain.

Intel Corp. (Nasdaq: INTC) traded in 25.1 million shares before the lunch break Monday, compared to a daily average of 61.4 million. Share prices were down 1.6% to $19.42, after its estimates were reduced at Sterne, who assigned a buy rating and $28 price target.

RADVision Ltd. (Nasdaq: RVSN) shares plummeted 12% to $10.53, on volume of 212,160 shares, its daily average below 60,000. The company announced today that based on preliminary results, RVSN expects to report revenues for the first quarter of 2011 of approximately $20.5 to $21.0 million. As a result, the net loss for the first quarter of 2011 is expected to range from $0.15 to $0.19 per diluted share on a GAAP basis and from $0.10 to $0.14 per diluted share on a non-GAAP basis.

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ACXM pops, ORCL over its average, MTOR moves down

Thursday, March 31st, 2011

Acxiom Corp. (Nasdaq: ACXM) shares rose 6.8% to $14.42. Volume was 3.5 million shares, or six times its daily average, after BMO Capital Markets Ltd. upgraded the computer-services company from market perform to outperform.

Oracle Corporation (Nasdaq: ORCL) did 28.2 million shares worth of business Thursday, just besting its daily share average of just below 26 million. ORCL prices moved up 1.4% to $33.52.

Meritor Inc. (NYSE: MTOR) shares fell 15.1% to $17.00, on volume of 11.3 million shares, compared to a daily average of 2.3 million, after the auto-parts supplier lowered its second-quarter earnings forecast. The former ArvinMeritor also said it would close its European trailer axle business.

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GEOI garners, MSFT mighty, ACXM misfires

Wednesday, March 30th, 2011

GeoResources Inc. (Nasdaq: GEOI) shares gained 6.7% to $30.65. Volume was 539,190 shares, nosing out its daily average of 470,379, after Wells Fargo Securities initiated coverage of the exploration company with an outperform rating.

Microsoft Inc. (Nasdaq: MSFT) traded in 29.9 million shares, or about half of its daily average, sending its share prices to $25.60 or 0.4% higher than Tuesday’s close.

Acxiom Corp. (Nasdaq: ACXM) shares declined 22.7% to $13.49, on volume of 9.5 million shares, or 20 times its daily average, after the data-services provider said its CEO had resigned, effective two days ago, and that its CFO plans to step down.

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QIHU makes its bow, CSCO buys, VVTV trips

Wednesday, March 30th, 2011

Qihoo 360 Technology Company Inc. (NYSE: QIHU) U.S.-listed shares climbed 18.5% to $31.96 a piece. Volume for the new stock was 19.3 million shares as the Chinese internet company made its debut on the New York Stock Exchange.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 37.4 million shares, or just barely half of its normal daily average. Share prices were off 0.2% to $17.41, amid word CSCO plans to buy newScale Inc., a provider of cloud-services software for IT organizations.

ValueVision Media Inc. (Nasdaq: VVTV) shares slid 7.3% to $6.36 Wednesday. Volume was 2.7 million shares, compared to daily averages of 382,452, after the direct marketer priced a secondary stock offering at $6.25 a share.

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