Paul Shread

Solid results from Cisco Systems sent stocks surging on Wednesday. Cisco’s better than expected results also buoyed shares of Dell and HP , which will report their quarterly results next week. Shares of all three stocks gained more than 5% on the day. Cisco’s results were welcome relief for investors, who have suffered through a […]

Good thing Cisco’s numbers tonight were solid, since the Nasdaq (first chart below) closed just above the critical 2240 support level. The Nasdaq pierced that support at today’s low before recovering, so we’ll peg support at 2242-2244. To the upside, resistance is 2250, 2266 and 2280. The S&P (second chart) has critical support at 1246-1250, […]

Cisco Systems gave tech investors reason to cheer late Tuesday with better than expected results. Cisco’s earnings of 26 cents a share were a penny ahead of estimates, and sales climbed 9.3% from the year-ago quarter to $6.63 billion, just ahead of forecasts. Cisco reported its strongest U.S. order growth in six quarters, up 20%, […]

IP storage pioneer StoneFly Networks is being acquired by network attached storage (NAS) firm Dynamic Network Factory. Six-year-old StoneFly was a pioneer in iSCSI technology, and even boasted the domain name iSCSI.com. But as the market for IP SANs heated up, StoneFly lost ground to competitors such as EqualLogic, LeftHand Networks and Intransa. StoneFly will […]

A market looking for direction today, and that direction could come from Cisco tomorrow night. The Nasdaq (first chart below) found support today at 2250, above the critical 2240 level. To the upside, resistance is 2266 and 2280. An inside day on the S&P (second chart) shows indecision too, with resistance at 1269 and 1275, […]

Analysts worried about a technology spending slowdown will be looking to Cisco Systems for reassurance when the networking giant reports its quarterly results late Tuesday. Analysts expect Cisco to report January quarter earnings of 25 cents a share, up three cents from the year-ago quarter. Sales are expected to climb 9.2% to $6.62 billion. Given […]

EMC on Monday rolled out a new line of storage products aimed at small and mid-sized businesses (SMBs) to better compete in the fastest-growing segment of the storage market. The new products are the result of a year-long development process led by Larry Zulch, vice president and general manager of the new EMC Insignia line. […]

Stocks remain stuck in a three-week downtrend, and if commercial futures traders are to be believed, stocks haven’t reached attractive levels yet. The Nasdaq (first chart below) gapped down out of a symmetrical triangle today. 2250 and 2240 are the next support levels, and resistance is 2280-2282. The S&P (second chart) has support at 1260 […]

Disappointing results from Amazon.com and unexpected inflationary pressures in the government’s monthly jobs report sent stocks lower for a second day Friday. Amazon fell 10% after missing sales estimates. Analysts were also concerned that expenses continue to outgrow sales at the online retailing giant. Following other recent disappointments from the likes of Google and Yahoo […]

Shares of Amazon.com slid 8% in late trading Thursday after the company’s sales came in below Wall Street estimates. Amazon’s fourth-quarter sales rose 17% to $2.98 billion, but analysts were expecting $3.08 billion in revenues. The company said sales were hurt by currency exchange issues. Amazon’s first-quarter sales guidance of $2.16-$2.29 billion left room to […]

Virtual server replication may soon get easier, thanks to NSI Software’s Double-Take for Virtual Systems. The product, launching next week, allows multiple physical servers to be monitored by, and failover to, a single server running multiple virtual machines. The application data from each server is replicated in real-time to the appropriate virtual machine on the […]

A solid win for the bulls today, with some help no doubt coming from first-of-the-month inflows. That said, investors have been buying bad news for the last month or so, so today fits the pattern. The Nasdaq (first chart below) closed right at a downtrend line today. Above that, resistance is 2315 and 2328-2333. Support […]