Paul Shread

Texas Instruments gave tech investors something they hadn’t seen in a while after the close on Wednesday: a better than expected warning. Shares of TXN rose 2% after the company said it expects third quarter revenues of $3.1-$3.24 billion, below analysts’ expectations for $3.3 billion in sales, as the chip inventory reduction appears to be […]

The market continues to grind higher, and on rising volume today too, but upside volume was lacking on both exchanges, usually not the most positive of signs. The Nasdaq (first chart below) continues to lag, holding below tough resistance in the 1870-1880 range. We’d like to see the index hold 1850 tomorrow; a break of […]

Strong earnings outlooks from Seagate and VeriSign and a Cisco upgrade sent tech stocks higher on Tuesday. VeriSign jumped 9% after the company said in an SEC filing that it expects to beat estimates, thanks to a strong showing from its Jamba unit. Seagate climbed 4% after the company raised earnings and revenue guidance, citing […]

The good news is the indexes all broke out to new rally highs today; the bad news is they came on lower volume and deteriorating new highs-new lows. The good news is that the Friday before Labor Day is up about 75% of the time historically; the bad news is that the market will have […]

Shares of Intel sank to a new 52-week low after the close on Thursday after the chip giant delivered guidance that was even worse than feared. Intel said it is now expecting third-quarter revenues of $8.3-$8.6 billion, below analysts’ estimates of $8.9 billion, and below even the reduced estimates that some analysts began putting out […]

The Nasdaq (first chart below) continued to push higher today, and on strong internals and rising volume too. The index held 1830 support today; if that goes, a retest of 1820 could be in store. Resistance is 1866 and 1880, and first support is 1838-1842. The S&P (second chart) is pushing a major resistance band […]

PalmOne has been at the center of speculation in the handheld space this week. On Tuesday, shares of PalmOne plunged 11% on high volume after an A.G. Edwards research report mentioned possible competition from Nokia for the company’s highly-regarded Treo 600. If true, the move could be good news for beleaguered Nokia, and a potential […]

If Intel lowers guidance during its mid-quarter update after the close on Thursday, investors won’t be able to say they weren’t warned. Morgan Stanley and J.P. Morgan on Tuesday became the latest Wall Street firms to say they expect Intel to warn when it reports on its third-quarter progress. Analysts expect Intel to report third-quarter […]

Just seven months after coming out of stealth mode and four months after shipping its first products, Copan Systems has netted a cool $25 million in second rounding venture funding. The round, one of the largest series B rounds for a storage company in recent years, was led by Pequot Ventures, with participation from new […]

The Nasdaq (first chart below) gapped down out of a bearish rising wedge today — not the prettiest of pictures for the bulls. Support is 1830, 1821, and 1808-1810, and resistance is 1840-1842, 1856 and 1866. At least there wasn’t much volume behind the move, and the end of the month/start of the month inflows […]

Worries that Intel will lower revenue guidance during its mid-quarter update on Thursday dragged stocks lower Monday. Intel lost 2% on reports of weakness in back to school sales, but the company could make up for that with strong flash memory sales. Analysts have produced a steady drumbeat of negative reports on the chip sector […]

EMC is expanding its network-attached storage (NAS) offerings with two new midrange options and a high-end product. The new Celerra NS500 and NS500G are lower-cost integrated NAS storage and NAS gateway offerings, respectively, while the new Celerra NS704G gateway is targeted at customers needing high-performance and availability. The new offerings complement the NS600 series announced […]