Paul Shread

Storage vendors have spent much of the last year making their products easier to install and manage for small and medium-sized businesses (SMBs), so it was just a matter of time until someone tried to do the same for enterprise-class customers. Emulex has done just that with its new Enterprise AutoPilot Installer software for Windows-based […]

The bulls get credit for persistence, but we still need the Dow (first chart below) to break through key resistance at 10,510-10,512. 10,440-10,450, 10,400-10,410 and 10,368-10,387 are support. The S&P (second chart) took out a bunch of resistance in the 1175-1178 area today, which should now be support. The next resistance levels are 1183, 1189 […]

Investors will get a close look at two of the biggest Net names this week when Google and Amazon report quarterly results. Google is up first with its December quarter results due out after the close on Tuesday. Analysts are expecting $589 million in net revenue and pro forma earnings of 77 cents a share, […]

The Dow (first chart below) remains below key resistance in the 10,450-10,510 range, but at least it doesn’t appear to be in a hurry to go down. 10,400 and 10,368 are support. The S&P (second chart) continues to stall at 1175 resistance, with 1180 and 1188 important levels above that. 1166 and 1160-1163 are support. […]

Strong earnings from Microsoft gave tech stocks an early boost on Friday, but sellers soon took over on news that the economy grew at a slower than expected pace in the fourth quarter. Microsoft eked out a gain on earnings and revenues that topped Wall Street forecasts, but the rest of the market finished lower […]

The Dow (first chart below) remains a problem here, stuck below its recent broken support. Until the index can retake 10,490-10,520, the market remains vulnerable. The S&P (second chart) is doing a little better with 1175 resistance. Above that is 1180-1182 and 1188, and support is 1170, 1168, 1166 and 1160-1163. The Nasdaq (third chart) […]

Thursday’s news said much about the changing nature of technology. AT&T , the venerable Ma Bell, unceremoniously tossed from the Dow a year ago, may be returning to the index — as part of SBC , its onetime offspring. (Not to say we told you so, but we did.) And Microsoft , a Dow component […]

Incipient has scored $20 million in third-round venture funding, bringing its total haul to $55 million. Not too shabby for a company that has yet to ship its first product. GrandBanks Capital led the round, with participation from existing investors Globespan Capital Partners, Greylock, HLM Venture Partners and Sigma Partners. The latest round will be […]

Despite solid rally attempts, the Dow and S&P (first two charts below) have been unable to get back above the broken necklines of their recent head and shoulders tops. A strong move above 10,512 on the Dow and 1175 on the S&P would be a win for the bulls, but until those levels are taken […]

Better than expected results from Texas Instruments boosted tech stocks on Wednesday. TI reported earnings of 28 cents a share on a 14% jump in revenues, beating Wall Street estimates. Earnings slipped 4% from the year-ago quarter on rising costs, but the results were good enough for analysts to grudgingly raise their ratings on the […]

Buy.com filed plans to return to the public markets on Tuesday, and investors had better hope the company’s timing is off this time around. Buy.com went public in February 2000 at $13 a share — a month before the Nasdaq peaked. Founder Scott Blum took the company private for 17 cents a share in November […]

About the only good news is that the Nasdaq and Dow are closing in on some major support here. The Nasdaq in particular (first two charts below) has a cluster of support around 1975-1980: the index’s October 2002 uptrend line, 50-week moving average and 200-day moving average are all around that level. A good place […]