Paul Shread

The stock market’s five-day winning streak came to an end Monday, as investors fretted over weak results from Lowe’s and rising oil prices and Mideast tensions. Google led tech stocks lower, slumping 1.6% on reports from Nielsen/NetRatings and comScore Networks that its share of the search market slipped in July. The decline had some analysts […]

Nimbus Data Systems today unveiled MySAN, which the company claims is the first free iSCSI target software for Microsoft Windows. The company claims that with MySAN anyone can create an IP SAN in seconds using their existing server and storage hardware. Nimbus said MySAN works by turning any Windows partition, such as a hard drive, […]

Note: The Technical Analysis column will return Aug. 21. Stocks held onto major support levels again today, but now they need to turn higher; traders will have lots of earnings reports and inflation data next week to help them make up their minds. The Dow (first chart below) is facing the biggest levels of the […]

Stocks slumped Friday on inflation fears and the latest chapter in Wall Street’s ongoing stock option scandal. Juniper Networks , Apple and Nvidia all lost ground after delaying their quarterly SEC filings while they complete stock option grant-related earnings restatements. Along with stronger than expected retail sales, the latest stock option grant backdating revelations were […]

Data protection specialist Double-Take Software has filed plans with the Securities and Exchange Commission to go public. The filing late Thursday is the third this year for a storage company, which has also seen CommVault and Riverbed file IPO plans. Double-Take, which changed its name earlier this year from NSI Software to reflect the name […]

Sellers don’t quite have control of the market yet, as the indexes mounted a rebound after testing support today. The Nasdaq (first chart below) pierced 2050 support before recovering. To the upside, the techs face a tough first resistance level at 2085, the intersection of two downtrend lines. The S&P (second chart) bounced at 1261 […]

Juniper Networks became the latest tech company to get hit by the growing stock option scandal, reporting late Thursday that it will have to restate past results and could face delisting from the Nasdaq National Stock Market. Juniper said its audit committee “has reached a preliminary conclusion that the actual measurement dates for financial accounting […]

Sellers continue to gain the upper hand, thwarting another rally here, as the indexes continue to look like another leg down lies ahead. The Nasdaq (first chart below) has important first support at 2050, and resistance is 2090-2100. The S&P (second chart) ran into a wall at 1284 again today. First resistance levels are 1267, […]

Strong earnings from Cisco Systems and Disney did little to help the stock market Wednesday, as stocks remained under pressure on fears of rising oil prices and an economic slowdown. Cisco shares soared 14% after the networking giant beat estimates and raised guidance. Stocks opened sharply higher on the news, but then spent the rest […]

IBM is taking an unusual approach to the small and mid-sized business (SMB) storage market, trying to outdo competitors by features instead of price. IBM this week unveiled a new System Storage DS4000 Series model — the DS4200 Express — and upgrades across the rest of the line. Big Blue said the DS4200 Express offers […]

The Fed was of little help today. Investors have been buying the “Fed pause” rumor since December; will they now sell the news? Certainly the major indexes all look like they’re consolidating in a downtrend, setting up another potential leg down in the fall. The Nasdaq (first chart below) has important first support at 2050, […]

Shares of Cisco Systems jumped about 10% in after-hours trading Tuesday after the networking giant delivered better than expected results and guidance. Cisco’s pro forma earnings of 30 cents a share and sales of $7.98 billion topped estimates. Cisco grew revenues 12.5% from the year-ago quarter, while Scientific-Atlanta contributed 15% growth. Cisco also said it […]