Paul Shread

The lively saga of Mamma.com took another turn on Tuesday, with news that Internet billionaire Mark Cuban had taken a 6.3% stake in the meta search engine. Cuban, who sold Broadcast.com to Yahoo in 1999 and now owns the Dallas Mavericks and high-definition TV firm HDNet, told Internet Stock Report that his 600,000-share stake in […]

It’s been a long time since we’ve seen heavy selling and heavy bearishness without a bounce. With the indexes coming up on major support, that bounce may be near. The Nasdaq (first chart below) has very strong support at the 1913-1920 and 1887 levels; we’d be surprised if the market could slice through those levels […]

About the last thing the stock market needed was for accounting issues to resurface, but sure enough, that’s what happened on Monday. Nortel tumbled 18% after the company put its CFO and controller on leave in the wake of accounting problems that will force the company to restate 2003 results. So much for post-Enron controls. […]

Actona Technologies, which offers wide area file services for centrally managing remote data, has nabbed $10 million in third-round funding. The round brings the four-year-old start-up’s total funding to date to $23 million. Actona says its storage centralization technology removes storage, management, and backup functions from remote offices and centralizes them in the data center, […]

The internals in today’s rally were strong, and fear levels remain impressive, suggesting more upside potential for today’s rally. Today’s heavy put-buying may have been due to fear of terrorist attacks this weekend, so if there are none, traders will likely be covering shorts on Monday. Beyond that, we’ll have to watch. The market has […]

Oracle lost ground Friday despite a strong earnings report, but at least the rest of the market bounced for a change. Oracle’s earnings report included the company’s strongest database license growth in more than three years, and analysts were generally positive on the report. But after gapping up at the start of trading, investors decided […]

An unrelenting sell-off so far. The Dow and S&P (first two charts below) broke down and never even went back to retest broken support; that’s quite some selling, particularly coming straight off new rally highs. So where are the strong support levels? The last time the Dow consolidated for any length of time was down […]

Oracle met estimates after the close on Thursday, and even delivered on all-important license revenue. Twelve-cent earnings and $2.51 billion revenues met estimates, and license revenues of $847 million came in above estimates in what the company called a “solid” quarter. The company also reaffirmed forward guidance. But after another rough day in the stock […]

3PAR this week began shipping its new InServ X-Series Storage Server, and to prove the new offering is no slouch, the company also released a benchmark that affirms the new server doubles 3PAR’s own previous performance record. 3PAR says the new InServ X-Series doubles the consolidation headroom of the company’s scalable enterprise array, and a […]

Well, the longest run since the 1930s without a 5% correction sure seems like it could end soon. Despite an oversold correction and some decent fear, the market accelerated its plunge today. There are two hopeful signs, however. The VIX (first chart below), the options volatility index, went vertical today, a sign that there’s at […]

Oracle will be investors’ latest hope to stop the Nasdaq’s two-month slide when it reports earnings tomorrow night. Estimates are for 12-cent earnings and $2.51 billion in revenues, and Merrill Lynch and Goldman Sachs said they think an in-line quarter will be enough to boost the stock, particularly if the company can do better than […]

VCs continue to show strong interest in the InfiniBand space, with Voltaire the latest beneficiary. Voltaire announced this week that it has secured $15 million in funding in an oversubscribed fourth round, bringing the company’s total funding to date to $50 million. The round is comparable to the $15-$20 million rounds garnered by competitors Topspin […]