A Big Day for VoIP
Speculative fever hit the Voice over Internet Protocol (VoIP) sector for the first time in months on Monday.
Starting the day off was a positive cover story on VoIP in Barron's, followed by Lucent's
The result was the biggest day in months for stocks like 8X8
After a four-month downtrend, any spark is a good sign for tech stocks. Now let's see if it catches.
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.
After the close, Novell
During the day, Applied Micro
Red Hat
Yahoo
palmOne
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$295 million acquisition of VoIP switch start-up Telica.
and Delta Three
, which gained 14% and 24%, respectively.
met estimates.
surged 10% on a positive write-up in Barron's.
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.
and Research in Motion
notched new 52-week highs.
rose 11% after winning a patent case.