Paul Shread

Research In Motion became the second handheld device maker in 10 days to disappoint Wall Street after the close on Thursday. RIM’s earnings of 45 cents a share beat analysts’ estimates by two cents, and revenues of $310.2 million bested forecasts. For the November quarter, RIM said it expects earnings of 50-55 cents a share […]

CreekPath made a splash this week with the announcement of $22 million in new venture funding and the appointment of a former Veritas executive as its vice president of engineering. CreekPath’s third round was funded by new investor Lehman Brothers Venture Partners and existing investors New Enterprise Associates, A.G. Edwards Capital, TeleSoft Partners and Sequel […]

The rally broadened a little today, saved by a late surge in blue chips, but the internals remained unimpressive. At least option traders showed some modest late-day caution. The Nasdaq (first chart below) ended the day just below 1895-1897 resistance; above 1900, 1910 looks like strong resistance. 1885, 1880 and 1870 are support. The S&P […]

From the way investors reacted to Cendant’s $1.25 billion acquisition of Orbitz , independent online travel companies may be a thing of the past. Priceline — possibly the most attractive acquisition target left — surged 11% on Wednesday, and InterActiveCorp , which owns quite a few online travel properties itself, rose 6%. Travelzoo gained only […]

Today’s rally was led almost entirely by blue chips. That’s okay — as long as tech stocks join in soon. They were weighed down today by continued weakness in chip stocks. Option traders continue to show caution, a plus for the bulls. The Nasdaq (first chart below) found support near its 50-day moving average today. […]

Shares of Orbitz could be acquired by Cendant in a $1.2 billion deal, the Wall Street Journal and others reported late Tuesday. Shares of Orbitz soared more than 25% in after hours trading to $26 a share. The New York Times reported that Cendant could pay as much as $28 a share for the company. […]

Storage vendors just can’t seem to get enough of the small and medium-sized business (SMB) market. Emulex and Brocade Communications pushed further into the SMB space this week by expanding their partnership to simplify the deployment of storage area networks (SANs). As part of the agreement, Brocade and Emulex will develop what they claim is […]

The market has been slicing through support with abandon lately. If there’s any good news, it’s that the market has reached short-term oversold levels, and option traders continue to show caution. The Nasdaq (first chart below) has its 50-day moving average at 1855; below that, 1850, 1840, 1830 and 1820 are possible support levels. To […]

Semiconductor and communications equipment stocks led the market lower on Monday, as investors remained jittery ahead of third-quarter earnings reports in October. Avici plunged 32% after the company warned that it will miss estimates due to order delays from AT&T . Prudential downgraded the communications equipment sector to neutral, saying that business appears to have […]

The market has fallen and it can’t get up, as every bounce gets sold here. The one positive is that option traders seem to be buying plenty of puts here, but that hasn’t been much help so far. The Nasdaq (first chart below) finally edged above 1895 resistance, only to fail two points above that […]

Tech stocks closed lower Friday on fresh evidence of weakness in the chip sector. Warnings from Cirrus Logic , Philips Electronics and Applied Micro sent chip stocks to a 3% loss on the day. Disappointing results from PalmSource and Manugistics also weighed on tech stocks, ending a volatile week on a down note. The broader […]

Quantum sees a future filled with 10-terabyte tape cartridges — as big as today’s largest libraries — and multi-terabyte storage devices for less than $1,000, or just pennies a gigabyte. Those were just some of the visions the company shared this week as it outlined its 10-year DLTtape roadmap. Not the least among its goals […]