Paul Shread

Nortel provided fresh evidence of a telecom spending rebound after the close on Thursday. Nortel’s stock jumped more than 15% after hours after the company blew out earnings and revenue estimates. Earnings of 9 cents a share crushed 2-cent estimates, and revenues of $2.83 billion beat $2.44 billion estimates. Nortel called 2003 “a turning point” […]

Serial ATA just got cheaper. Candera has unveiled its new Candera ATA Appliance, which the company claims is about 50% cheaper than other ATA solutions. Candera says the new appliance combines the company’s enterprise-class SCE 510 network storage controller with low-cost Serial ATA (SATA) RAID drives for scalable storage that is centrally managed and interoperable. […]

Two straight big declines on rising volume; a sign that the trend may be changing. The market reached short-term oversold levels today, so we could get a bounce soon even if the trend has turned down. The Nasdaq (first two charts below) has support at 2050-2060 and 2000-2010, and resistance is 2080, 2095-2100 and 2120. […]

Concern about price-cutting and shrinking margins overshadowed the completion of Amazon.com’s first profitable year, sending shares of the online retail giant 7% lower on Wednesday. And the broader market was battered after the Federal Reserve eliminated language from its policy statement that it can keep rates low for a “considerable period.” Taken together, the day’s […]

After hitting new highs on lower volume and poor internals yesterday, the market turned down on rising volume today. If the market wants to correct, that’s a good set-up for it. On the plus side, another statement from the Fed tomorrow that they intend to keep rates low for an extended period might give stocks […]

Amazon will finally have a PE ratio. After completing its first profitable year, Amazon will finally have positive 12-month trailing results, and thus will finally get a price-to-earnings ratio, that most common measure of stock valuation. Amazon reported fourth-quarter results after the close on Tuesday, meeting earnings estimates of 29 cents a share and beating […]

Emulex has joined the 4-Gig Fibre Channel party with a splash, unveiling its 4-gigabit per second (Gbps) InSpeed SOC 422 Fibre Channel embedded storage switch. The first 4-Gig embedded storage switching solution, according to Emulex, the InSpeed SOC (Switch-On-a-Chip) 422 provides 22 ports of connectivity in a highly-integrated device that can be used to implement […]

New highs for the major indexes today – a bullish sign, but we would note that volume declined today, and breadth and upside volume were less than stellar. A sign of a weakening rally? That said, the Dow (first two charts below) took out important resistance at 10,673 today, which is now first support. Next […]

Copan Systems says it has developed a new architecture that provides disk-based storage performance and reliability at the scale and price of tape. The result is a product that “fills a hole in the storage hierarchy between on-line disk systems and off-line tape systems,” says Copan CEO Dave Davenport. At $1 to $3 per gigabyte, […]

Texas Instruments and Novellus lost ground after hours Monday despite better than expected results. The reason for the drop in shares of Novellus was clear – the company warned that first-quarter earnings will be below analysts’ estimates. But investors were apparently expecting even more from Texas Instruments, which fell 2% after hours despite beating estimates […]

Investors looked past blemishes in Microsoft’s earnings report to send the company’s stock higher on Friday. Microsoft gained 2% on stronger than expected results and guidance, as the company benefited from strong PC sales and rebounding enterprise IT spending. The stock initially fell after hours Thursday on the report, as investors were concerned about a […]

SANRAD has unveiled new IP storage networking switches that the company says can deliver a complete 2-terabyte IP SAN solution for “well under $30,000.” The V-Switch 2000 is a new version of SANRAD’s enterprise-class V-Switch 3000 that has been optimized for common business applications in mid-range and departmental environments. The V-Switch 2000 and 3000 run […]