Paul Shread

Chinese search provider Baidu.com , dubbed the “Google of China,” became the hottest IPO in more than five years Friday, soaring 354% in its Wall Street debut. Perhaps Google should strive to become the Baidu of the United States. It’s taken a year for Google to add 244% to its August 2004 IPO price of […]

Computer Sciences beat estimates after the close on Thursday, but Network Appliance warned of an earnings shortfall. CSC reported earnings of 58 cents a share, three cents ahead of estimates. Revenues rose 8.6% to $3.58 billion, also topping forecasts. The company’s guidance was a little light of expectations, however, and the stock slipped slightly in […]

EMC officials boasted about the company’s accomplishments and outlined plans for the future at the company’s annual analyst meeting in New York on Thursday. Among the revelations is that the company plans to announce a continuous data protection (CDP) product in the next couple of weeks, according to EMC Software Group President Dave DeWalt. The […]

With the Nasdaq and S&P (first two charts below) at some major resistance levels here, the lack of a significant retreat is a positive here. Still, the indexes are significantly overbought, and with tough levels just overhead, some sort of a breather is possible here. The Nasdaq faces major resistance at 2220, with 2251 a […]

Shares of EDS rallied 9% after the close on Wednesday after the company said its 2006 earnings will exceed analysts’ estimates by 50% or more. EDS, which had already issued a positive earnings preannouncement last week, topped that performance after the bell on Wednesday when it said its 2006 pro forma earnings will be $1 […]

EMC has added some high-end features to its fast-selling midrange Clariion storage systems and software. Topping the list is the Hopkinton, Mass.-based vendor’s new UltraPoint Technology, which offers point-to-point disk array enclosures and drive-level fault detection, isolation and diagnosis, giving the systems greater reliability, availability and scalability. UltraPoint is backwards-compatible with previous versions of the […]

The Nasdaq (first chart below) is pushing an 18-month trendline at around 2220 here; if the index can get through that, 2251 could be the next target. 2200 should now be solid support. The S&P (second chart) faces major resistance between here and 1260, and 1229-1233 is now important support, with 1225 and 1220-1223 below […]

Shares of BMC and NetEase surged in after-hours trading Tuesday after the companies posted quarterly results that were well ahead of analysts’ estimates. BMC’s pro forma earnings of 20 cents a share came in 7 cents ahead of estimates, and sales rose 7% to $348.3 million, also well ahead of expectations. NetEase outpaced forecasts by […]

A new Global Grid Forum paper examines ways to make grid computing and peer-to-peer (P2P) applications work together. The paper, by Karan Bhatia of the San Diego Supercomputer Center, Per Brand of Sweden’s SICS, Sergio Mendiola of Oracle Corp., Microsoft’s Alex Mallet and Karlo Berket of the Lawrence Berkeley National Laboratory, was published to the […]

The Nasdaq (first chart below) has led the market for the last few months and appears to be in a solid uptrend, but 2200-2215 will be a major test for the index. If it can clear that upper trend line formed over the last 18 months, 2251 could be the next target. Support is 2189, […]

eBay led tech stocks higher Monday after Smith Barney raised its rating on the online auction king to “buy” from “hold.” Analyst Mark Mahaney said eBay’s recent strong results appear sustainable, and he added that a significant obstacle was removed when Google confirmed that it is not working on a competitor to PayPal. Fee increases, improved buyer […]

Data Domain has an enviable problem: the company is growing so fast that it needs to hire salespeople to keep up with all the opportunities in disk backup. “If we can compete, we can win,” boasts Data Domain CEO Frank Slootman, who calls his company’s products “the best deal in disk backup.” To hire the […]