Paul Shread

Texas Instruments reaffirmed guidance after the close on Monday. The problem is that investors were expecting more. Goldman Sachs said last week that it expected TI to raise guidance during its mid-quarter update. Follow a big warning on Friday from Intel , investors were looking to TI for reassurance on the health of the chip […]

An “outside day” for the Nasdaq (first chart below) today, trading both above and below yesterday’s trading range. Coming on the heels of a long rally, such volatility could set up a reversal. Time will tell. Also of concern is a potential head and shoulders top in the Nasdaq 100 (second chart) and bearish rising […]

A big sales warning from Intel weighed on stocks Friday. Stocks opened sharply lower on Intel’s warning, then rebounded to post solid gains on soothing words on inflation from two Federal Reserve officials before sellers returned to send the major indexes modestly lower on the day. Intel ended the day down less than 1%, but […]

Microsoft made a couple of big moves in the storage space on Friday, deepening its partnership with EMC and acquiring iSCSI technology from String Bean Software. Microsoft acquired the WinTarget technology from String Bean Software of Montgomery Village, Md. WinTarget is an Internet Small Computer System Interface (iSCSI) storage area networking (SAN) solution designed and […]

The Nasdaq (first chart below) held up well today, but it also may be losing a little momentum here, as it seems to be running into a rising resistance line. Resistance is 2320 and 2328-2333, and support is 2300, 2295, 2290, 2280 and 2274. The S&P (second chart) put in an inside day today, a […]

Stocks lost ground Thursday on fears of inflation and slowing growth, but Google gained ground on upbeat comments at the company’s annual analyst day. Shares of Google rose 5% after the company sounded a much more upbeat note than CFO Greg Reyes did on Tuesday, when the stock fell 7%. Google CEO Eric Schmidt said […]

The storage market posted its strongest growth in years in the fourth quarter of 2005, with external storage system sales growing 17.9% from the same quarter in 2004, according to IDC. “The external disk storage systems market growth continued to accelerate through the year,” said Brad Nisbet, IDC’s program manager for storage systems. “Data growth […]

Tech stocks recovered all of Tuesday’s losses and then some after Goldman Sachs made a bullish call on Texas Instruments . With Intel no longer providing a mid-quarter financial update, TI’s mid-quarter progress report has grown in importance. And Goldman Sachs said it expects TI to raise guidance in its update next Monday. TI shares […]

The Nasdaq’s (first chart below) big breakout lasted all of a day. That said, it wouldn’t take much of a gain to reclaim that line; call it 2284 for tomorrow, which also marks first of the month inflows. The next resistance levels are 2291 and 2297-2300, and support levels are 2280 and 2271. The S&P […]

Stocks tumbled Tuesday after Google said it sees growth slowing. According to Reuters, Google CFO George Reyes told a Merrill Lynch conference that “most of what is left is just organic growth.” “Clearly our growth rates are slowing. We see that each and every quarter,” Reyes said. “We are going to have to find new […]

Hitachi Data Systems has entered the fixed content archiving market by striking up a partnership with Archivas. The two announced plans to deliver solutions that will “define a new ‘active archive’ market space,” pledging to “address customer needs for the long-term preservation, simplified management and rapid retrieval of structured and unstructured data.” HDS and Archivas […]

A solid breakout for the Nasdaq (first chart below), which broke its six-week downtrend without looking back. The next resistance levels are 2314 and 2328-2333, and support is 2300, 2291 and 2286. The S&P (second chart) ran into its long-running resistance line at today’s high of 1297.57. Support is 1285-1288, 1282 and 1274-1275. The Dow […]