Paul Shread

Shares of HP rose nearly 5% Wednesday after the company reported better than expected results and suggested that it will soon announce a restructuring. HP CFO Robert Wayman said at the JP Morgan technology conference Wednesday that the company isn’t planning any major changes in strategy, but is just looking to boost the profitability of […]

3PAR has unveiled software that lets users implement tiered storage more easily. 3PAR Dynamic Optimization lets users change RAID protection level, resource utilization, disk type and even location on the disk in a matter of seconds to meet peak demand and practice information lifecycle management (ILM). Pricing for Dynamic Optimization starts at less than $10,000. […]

A big breakout for the Nasdaq (first chart below), which broke out of its 4 1/2-month downtrend today. Now it needs to hold — we’d like to see the index hold support at 1998 for tomorrow. Resistance is 2012, 2020 and 2035. The S&P (second chart) also pushed through some resistance today. We’d now like […]

HP surprised Wall Street in Mark Hurd’s first quarter as CEO with better than expected results. Still, Hurd said the company’s results still leave much to be desired — and said the company will soon announce plans to do just that. “HP had a solid quarter,” Hurd said in a statement. “Nevertheless, our overall performance […]

A lot of news in the next day and a half: wholesale and consumer inflation data and earnings from Home Depot and HP could be pivotal. The good news is that the S&P and Dow (first two charts below) are heading into that news in good shape, getting back above their main downtrend lines after […]

HP will report its quarterly results after the close tomorrow, and investors don’t seem to be expecting much. The company didn’t warn last week despite a prediction from Bank of America that it might do so, but rather than be encouraged by that, BofA said again on Monday that it expects a weak quarter and […]

Strong results from Dell sent tech stocks to healthy gains on Friday, but blue chips remained under pressure on fears of slowing growth and rising inflation. Shares of Dell soared 7.4% on the company’s strong global sales in the first quarter. While Dell seems uniquely qualified to prosper in a commodity hardware environment, the company’s […]

The long-awaited replacement for parallel SCSI technology will begin to appear on the storage market in the next few months, with the introduction of serial attached SCSI (SAS) servers and storage systems. The SCSI Trade Association (STA) held an interoperability “plugfest” at UNH-IOL last month attended by about 20 vendors. With “system builds” of more […]

The S&P and Dow (first two charts below) have pulled back as far as they can without giving up their recent downtrend line breakouts. Below 10,160 on the Dow and 1156 on the S&P, the market is in trouble. Resistance is 1164 and 1175-1180 on the S&P, and 10,340-10,400 on the Dow. The Nasdaq (third […]

The S&P and Dow (first two charts below) held some very important support levels today, bouncing at their recent downtrend lines. But now we need to see some follow-through buying or stocks will remain vulnerable. 1164 is first support on the S&P, a level we’d like to see hold at this point, and 1158 is […]

Cisco Systems gave some support to a faltering stock market on Wednesday with its better than expected results. Despite Cisco’s results and a big drop in the trade deficit and oil prices, stocks were sharply lower on economic and terrorism fears until they rallied in the afternoon to end the day in the green. Cisco […]

A rough day for stocks today. The indexes pulled back deeper than we’d like to see, but the S&P and Dow (first two charts below) remain well above their recent downtrend lines, a positive. It could have been nothing more than forced liquidation by hedge funds with a little panic thrown in; if that’s the […]