Paul Shread

Shares of palmOne plunged 22% Friday after the company warned that its results for the current quarter will fall below Wall Street estimates because of delays by wireless carriers in rolling out the new Treo 650 smartphone. palmOne said it now expects earnings of 21 cents a share on revenues of $280 million for the […]

Today’s weakness began with a big sell-off in the bond market, never the best of signs. The Nasdaq (first chart below) put in something of an “evening star” top the last few days. Support is 2138-2140, 2132-2135, 2125-2128 and 2120, and resistance is 2162-2165 and 2175. The S&P 500 (second chart) is so far consolidating […]

Adobe beat Wall Street estimates after the close on Thursday, while palmOne met estimates. Investors didn’t appear happy with either company’s results, however, as both stocks traded lower after hours. Adobe’s earnings of 44 cents a share beat estimates by two cents, and revenues rose 19.8% to $429.5 million, ahead of forecasts by more than […]

MaXXan Systems, a pioneer in network-based intelligent storage solutions, has netted $29 million in venture funding, one of the biggest rounds of the year for a storage company. The funding round, led by BA Venture Partners, brings MaXXan’s total funding to a whopping $113 million since it incorporated in 2000. Other investors in the latest […]

Impressive resilience in the market since late October, with even Fed rate hikes getting bought. We’d say the market is overdue for a correction, but we’re only a week from the start of the traditionally strong period around Christmas and New Year’s. The Dow (first chart below) took out 10,670 resistance today, with only 10,700 […]

The Nasdaq Stock Market resurrected its plans to go public on Tuesday, filing a registration statement with the SEC to raise $100 million for investors who purchased stock in private placements in 2000 and 2001. The stock market’s plans to go public were interrupted by the bursting of the tech bubble and the nearly three-year […]

The creators of the widely-used Globus Toolkit have formed a company to provide commercial software, services and support for the open source software that has become the de facto standard for grid computing. Steve Tuecke, Ian Foster and Carl Kesselman, who pioneered Grid computing in the mid-1990s with the development of the Globus Toolkit, founded […]

The Dow (first chart below) pushed above important resistance at 10,602, which is now first support. The index’s picture improved with today’s move, but the Federal Reserve is on deck tomorrow and the index still faces important resistance at 10,643, 10,670 and 10,753. The Nasdaq (second chart) faces resistance at 2154-2165, and support is 2140-2145, […]

Wall Street cheered the news Monday that Oracle had won its long takeover battle with PeopleSoft , sending both stocks 10% higher on the day. Stocks of acquiring companies often take a hit on the news, but investors had plenty to cheer about on Monday. For starters, the deal was largely expected and ends a […]

EMC maintained the top spot in IDC’s Worldwide Quarterly Storage Software Tracker in the third quarter, while Veritas and IBM lost market share. And of the top five vendors, CA and HP boasted the strongest growth in the quarter, up about 30% each from the year-ago quarter. Behind the shifts was a surprisingly strong market […]

An indecision day today, with the Dow (first chart below) remaining range-bound between 10,417 and 10,602. Above 10,602, the picture would improve, but 10,643-10,670 and 10,753 could still prove tough resistance. The Nasdaq (second chart) faces resistance at 2135-2145 and 2154-2165, and support is 2110-2120 and 2090-2100 (2097). S&P 500 (third chart) faces resistance at […]

For IBM , the decision to sell its PC business had as much to do with profitability as it did Big Blue’s growing focus on business services and solutions. In the first nine months of the year, IBM’s Personal Systems Group, which includes its PC business, earned $70 million in pre-tax profits on $9.25 billion […]