Paul Shread

Qualcomm raised its outlook on Monday, but the good news wasn’t enough to keep the Nasdaq from sliding back to breakeven on the year. Qualcomm raised second-quarter earnings guidance to 48-50 cents a share, well above 40-cent estimates, and the company hiked its revenue outlook too. The company cited “record demand” and “strong growth” in […]

Strong results and positive comments from analysts weren’t enough for HP , which declined 3% Friday on its earnings report. HP beat and raised revenue estimates, but in-line earnings of 35 cents were all investors needed to take profits. About the only negatives in the report were lackluster printer sales – a concern because of […]

The Nasdaq (first chart below) broke out this morning on a gap above 2091 resistance – then sold off for the rest of the day to close below 2050 support. Quite a reversal, and on rising volume too. Short-term, the index is oversold, and 2040 looks like a good support zone. Below that, 2031, 2026, […]

HP met estimates after the close on Thursday in what CEO Carly Fiorina called the company’s “most balanced profit performance since the merger” with Compaq. Earnings of 35 cents a share met estimates, and revenues of $19.51 billion topped $19.38 billion forecasts. The company also raised first quarter revenue estimates. Also after the close, BEA […]

Sandial Systems has developed what it claims is the first “backbone-class” storage area network (SAN) switch, the Shadow 14000. Shadow 14000 A storage backbone switch goes further than conventional director-class Fibre Channel switches by providing visibility and control of network traffic to guarantee performance for business-critical applications, according to the Portsmouth, N.H.-based SAN switch solutions […]

A break above 2091 on the Nasdaq (first chart below) could lead to a nice run. The index has faltered at the 2088-2091 level several times in recent weeks. Support is 2072, 2068, 2063 and 2050. The S&P (second chart) needs to head up from the open tomorrow to avoid breaking a two-week uptrend. 1160 […]

In a play for email archiving dominance, ZANTAZ has acquired EDUCOM TS Inc. ZANTAZ dominates the hosted compliance and discovery space, while EDUCOM is focused on on-site email archiving and management. The combined company will be “the only single-source provider of end-to-end e-communications management solutions for compliance, electronic discovery, and email storage management,” ZANTAZ states. […]

Applied Materials put to rest any doubts about the health of the chip equipment sector with a strong earnings report after the close on Wednesday. Earnings of 12 cents a share beat estimates by 4 cents, and revenues of $1.56 billion came in well ahead of $1.32 billion forecasts. AMAT also predicted 30% sequential growth […]

Maxtor, Seagate, and LSI have announced the first Serial Attached SCSI (SAS) data transfers directly to disk, paving the way for the debut of the first SAS products later this year. Maxtor says it achieved full speed, 3Gb/s operation between an LSI Logic SAS controller and an in-form-factor prototype Maxtor SAS disk drive with dual […]

The Nasdaq (first chart below) looks like it may be putting in a lower high here. However, volume declined again today, so the move is lacking in conviction so far. The Nasdaq has support at 2050, 2040-2044 and 2032, and resistance is 2063, 2072 and 2083. The S&P (second chart) has support at 1142, 1136, […]

Dell was rewarded by investors Friday for yet another strong quarter, but the rest of the market fell on a weaker than expected consumer confidence reading. Dell rose 3% on the company’s best quarter ever, including gains in key areas. Dell’s results also boosted HP , which reports earnings next Thursday. The Nasdaq fell 20 […]

Dell beat earnings estimates by a penny after the close on Thursday, while revenues and forward guidance were in line with estimates. With results largely as expected, the stock was little changed after hours. Still, the report was a sound one, with server and storage sales up more than 40%, and balanced results around the […]