Paul Shread

Cisco posted some impressive growth in the SAN switch market in its most recent quarter, enough to make one Wall Street firm grow cautious on the company’s rivals. Schwab Soundview believes Cisco’s 70-80% sequential quarterly growth in SAN switch sales and customers could be bad news for rivals McDATA and Brocade . Cisco CEO John […]

The wireless sector got some good news on Thursday, with a bullish outlook from RF Micro Devices and the early release of results from Ericsson . Shares of RFMD jumped 6% after the company told analysts it expects to grow faster than the wireless market as a whole by delivering more sophisticated amplifiers and transceivers. […]

We have a consolidation at the lows, suggesting the potential for more downside for the market, and a 5% sell-off in Cisco after hours. The set-up looks pretty clear, even down to the declining volume in the consolidation the last few days, but the market needs only a day or two of downside to reach […]

Adobe Systems and GridIron Software have partnered to deliver the first mass-market Grid computing product, a Grid-enabled version of Adobe After Effects. “You’ll be able walk into CompUSA and buy this,” says GridIron marketing VP Gord Watts. “This is a significant evolution in Grid computing.” The companies say the next release of Adobe After Effects […]

Broadcom is sliding into the storage sector with the acquisition of RAIDCore, a start-up that came out of stealth mode just three months ago with low-cost, high-performance RAID controllers. The Irvine, Calif.-based chipmaker announced it is acquiring RAIDCore for its RAID (Redundant Array of Inexpensive Disks) (define) and virtualization software. The storage start-up provides a […]

With the market’s failure to bounce, what we have is a consolidation at the lows, suggesting the possibility of more downside ahead. Whether that happens could be up to Cisco tomorrow night. The Nasdaq (first chart) has support at 2053, 2043, 2030, 2020 and 2000, and resistance at 2080-2085, 2100 and 2120. On the S&P […]

Chip stocks were under pressure after hours Monday on reports that Goldman Sachs was downgrading the sector to “neutral” from “attractive.” Goldman downgraded Applied Materials and Novellus , while upgrading “defensive” names like KLA-Tencor . It is not clear what motivated the downgrades, but chip stocks were weak during the day despite an industry report […]

ARIO Data Networks emerged from stealth mode today with low-cost, high-performance external storage controllers for serial disk storage, and the company already boasts a number of major OEM wins. ARIO says its offerings “provide OEMs the essential building blocks they need to create modular, cost-effective Serial ATA storage subsystems solutions.” The San Jose, Calif.-based company’s […]

It’s been wrong twice in recent years (2001 and 2003), so take it with a grain of salt, but the January barometer – the theory that January’s performance dictates the market’s direction for the year – says 2004 could be another good year for stocks. Keep your fingers crossed. In the short-term, the market has […]

Nortel soared 19% Friday after posting blow-out earnings, but the rest of the market was left behind. Nortel’s numbers brought gushing praise from analysts, and sent telecom equipment and networking stocks higher on the day. The only laggard of note was Cisco , which reports after the close on Tuesday. But with Nortel and Juniper […]

Advanced Digital Information Corporation (ADIC) has unveiled what it claims are the first iSCSI options from a major library vendor. The iSCSI connectivity options for ADIC’s Scalar 24 and Scalar 100 models give workgroups, branch offices, and smaller enterprises an easier way to perform backups by allowing users to connect the libraries directly to their […]

Some decent-looking candlesticks after a high-volume reversal off the lows; could be the start of a bounce. The Nasdaq (first two charts below) has support at 2040 and 2000-2010, and resistance is 2080, 2095-2100 and 2120. The S&P (charts three and four) has support at 1132 and 1121, and resistance at 1140 and 1150. The […]