Paul Shread

Not much for the bulls to cheer about again today. The Nasdaq (first chart below) so far can’t take out the first resistance level at 1895. If the index can clear that, 1900, 1910 and 1915 are next. To the downside, support is 1876-1880, 1862-1866 and 1855. The S&P (second chart) has support at 1106, […]

Commerce One , which was worth $20 billion at the height of the dot-com boom, is down to its last $700,000, the company said in an SEC filing Wednesday. “As of September 22, 2004, our unrestricted cash balance is approximately $700,000,” the company said in the filing. “Our operating expenses continue to significantly exceed our […]

Because Avamar is saving its customers a bundle on storage and network costs, VCs are willing to invest some cash in the startup. Avamar announced this week that it has closed on a $15 million funding round, bringing the five-year-old startup’s total funding to more than $50 million over five rounds. The payoff has been […]

It’s a little late, but seasonal weakness may have arrived after all. The indexes all broke major support levels today. If there’s any comfort for the bulls, it’s that the decline may have been too much too soon, and that fear ran high among options traders today. That said, the technical picture sure isn’t pretty. […]

Cisco Systems fell 3.5% Wednesday after its second supplier in a week warned of weakness in the networking sector. Jabil reported strong results after the close on Tuesday, but the company warned of softness in its networking sales as customers reduce inventory. Jabil’s comments echoed similar remarks last week by Celestica . Deutsche Bank downgraded […]

A quick look at the weekly charts today. The Dow, S&P and Nasdaq (first three charts below) are all hitting long-term downtrend lines here. If they can push through — in a climate of rising interest rates and oil prices, at the weakest time of year historically — we’d be impressed. Back to the daily […]

For palmOne investors, Monday night was the best of times and the worst of times. Shares of palmOne initially soared 15% after the close Monday when the company reported blow-out results, including beating per-share earnings estimates by more than 100%. An hour later, the stock was tumbling after the company said on its conference call […]

More than half of all enterprise data resides outside databases, creating a potential nightmare for companies coping with the maze of new laws and regulations that require sensitive data to be preserved and protected. Network Appliance hopes to tap into that large potential market with LockVault, its new product for managing such “unstructured” data. Unstructured […]

The Nasdaq (first chart below) continues to cling to its uptrend, but it wouldn’t take more than a few points of downside tomorrow to break it. 1905, 1900, 1995 (a second potential uptrend line) and 1876-1880 are support, and 1921 and 1933-1940 are resistance. The Fed is expected to raise rates for the third time […]

Adobe and palmOne reported blow-out results after the close on Monday. Adobe continued to defy predictions of a slowdown, reporting earnings of 43 cents a share, four cents above Wall Street estimates. Revenues of $403.7 million beat $391.2 million forecasts, and the company raised November quarter earnings and revenue guidance above expectations. The stock gained […]

The Nasdaq (first chart below) is hanging onto its uptrend nicely here, but the bounce the last couple of days has so far been uninspiring. With the Fed set to raise rates for the third time on Tuesday, we wouldn’t be surprised if the old adage “Three steps and a stumble” plays out once again. […]

Chip equipment orders declined for the third straight month in August and could slip further in coming months, an industry association said late Thursday. Shipments declined for the first time since June 2003, SEMI reported, and the book-to-bill ratio of orders to shipments fell to 1.0, reaching parity for the first time since Sept. 2003. […]