Paul Shread

After preaching the superiority of its DLT tape format for years, Quantum has up and bought Certance, a key maker of the rival LTO format. Certance is a member of an LTO consortium with HP and IBM. While DLT has remained competitive in capacity and performance, it has lagged LTO in market share. Now with […]

Today clearly went to the bulls, but now they have to build on it. The Nasdaq (first chart below) held its uptrend once again today; that’s the most important support for the market here, and should be at about 1913 for tomorrow. Resistance is 1953-1961. The S&P 500 (second chart) put in a bullish hammer […]

eBay reported yet another quarter of blistering growth after the close on Wednesday. The online auction king beat estimates by a penny with 28-cent earnings, and revenues surged 52% to $806 million, topping forecasts by a cool $25 million. The company also raised fourth-quarter guidance to 33-cent earnings on sales of $915 million. But the […]

The Nasdaq (first chart below) failed for the third time at 1950 resistance today, getting as high as 1953 before turning back to close at the lows. Not the best of action, but at least we’re seeing some fear among option traders. Critical support is 1910, and everything between 1910 and 1953-1962 is noise at […]

Amid typical October stock market volatility, some of the biggest technology and Internet names will be reporting third-quarter results in the next couple of days. eBay will report its results after the close on Wednesday. Analysts are expecting a 50% jump in earnings to 27 cents a share, and revenues are expected to climbed 47% […]

EMC rode its information lifecycle management (ILM) and virtualization strategies to strong results in the third quarter. EMC posted quarterly earnings of 9 cents a share Tuesday morning, matching Wall Street expectations, while revenues grew 34.2% year-over-year to $2.03 billion, ahead of forecasts. Gross margins of 51.4% were better than expected, and the company reaffirmed […]

The Nasdaq (first chart below) looks like it may be ready for another try at 1940-1950 resistance. If it can clear that, 1960-1962 is next. Support is 1931-1933, 1925, 1920, 1915, 1910 and 1905. The S&P 500 (second chart) faces tough resistance at 1120, and support is 1110 and 1100-1103. The Dow (third chart) faces […]

IBM delivered results after the close on Monday that exceeded Wall Street’s expectations. Big Blue’s earnings of $1.17 a share topped $1.14 forecasts, and revenues of $23.43 billion beat $23.4 billion estimates. Services bookings of just under $10 billion were slightly under analysts’ forecasts, but the results were good enough to send the stock 2% […]

Digi-Data took the wraps off its latest high-end offering last week, a high-performance, scalable system that offers 10-25 terabytes of capacity for less than $100,000. Digi-Data CEO Bill Tomeo calls the company’s new STORM Xtreme Array “a quantum leap when it comes to storage architecture.” Traditional upper-midrange systems support 4-8 Fibre Channel ports, Tomeo says, […]

The Nasdaq (first chart below) tested and held its uptrend twice today with a point or two to spare, encouraging buyers. 1900 is critical support for Monday, and resistance is 1925, 1931-1933 and 1940-1950. The S&P 500 (second chart) has support at 1100-1103, 1095 and 1087-1091, and resistance is 1113, 1117 and 1120. The Dow […]

IBM will headline a big week for technology and Internet earnings next week. IBM will report third-quarter results after the close on Monday, along with Texas Instruments , which warned last month. Analysts expect Big Blue to report earnings of $1.14 a share, up from $1.02 in the year-ago quarter. Revenues are expected to rise […]

The Nasdaq (first chart below) remains the only major index still in an uptrend here, but a move below 1897-1898 tomorrow would end that. Resistance is 1910, 1920, 1925 and 1931-1933. The S&P 500 (second chart) has support at 1100, 1095 and 1087-1091, and resistance is 1107, 1110-1113 and 1118-1120. The Dow (third chart) has […]