Paul Shread

Monday is the first day of a new month and mutual fund year, so there could be another day or two of upside bias here as new money is put to work. However, the market looks a lot like it did when it topped out in mid-October, so a period of downside or consolidation wouldn’t […]

The market is having as much trouble closing in overbought territory this week as it did closing in oversold territory last week. The Nasdaq (first chart below) stumbled 10 points shy of its mid-month peak of 1967 – and put in a very similar candlestick in the process. A double-top or lower high? 1915-1920 is […]

The U.S. economy grew at its fastest rate in 19 years in the third quarter, led by, of all things, business investment. The 7.2% jump in GDP was led by an 11% increase in business investment and a 15% surge in equipment and software. Computer sales alone added half a percentage point to the GDP […]

QLogic hopes to push storage area networks (SANs) into the small- and medium-business (SMB) market with a Fibre Channel switch that costs less than $500 per port, about half the cost of FC switches from McDATA or Brocade . As if that weren’t enough, QLogic’s SANbox 5200 is also the first stackable Fibre Channel switch […]

Tomorrow will likely be an interesting day. Third-quarter GDP is expected to clock in at an extremely strong 6%. The reaction to that could be bullish, but the report could also put pressure on the Fed to change its accommodative stance. With the market back near overbought levels and sentiment getting a little giddy again […]

StorageTek already leads the market in shipments of high-end automated tape systems and drives, but the company sure isn’t resting on its laurels. StorageTek on Wednesday took the wraps off its StreamLine SL8500 Modular Library System — a quantum leap over the company’s enterprise-class PowderHorn 9310, which StorageTek will continue selling. Jon Benson, STK’s VP […]

It’s come to this: AT&T , Ma Bell, the venerable “widows and orphans” stock, was rejected as a takeover candidate by one of its own Baby Bells. Merger talks between BellSouth and AT&T have apparently fallen apart because the asking price for AT&T was too high. With a declining long-distance business and competition everywhere it […]

NetEase’s parabolic rise may finally be over. NetEase, which has gained more than 10,000% off its 2002 lows, plunged 15% after hours Tuesday after missing revenue estimates. Sohu , Sina.com and China.com fell in sympathy. NetEase blamed the shortfall on competition in wireless services and on wireless carriers that have restricted the company’s pay-per-service approach. […]

In another coup for 4 Gigabit per second Fibre Channel, storage switch maker McDATA has announced plans to support the emerging standard. “As a major proponent of industry standards, McDATA…intends to support 4 Gb/s Fibre Channel fabrics in 2005, as it matures,” Mike Gustafson, McDATA’s SVP of worldwide marketing, said in a statement. 4-Gig FC […]

Forget the Wintel duo, the real stock market leaders are reporting this week. Everyone is always looking for the next Microsoft or Cisco , each of which returned about 10,000% in a decade. Why not look for the next NetEase instead, which did the same in a little over a year? Chinese Internet stocks like […]

Not the best performance by the market today, but it’s a start. The Nasdaq (first chart below) completed a bullish “morning star” pattern the last three days, but there wasn’t much volume or conviction behind today’s rally, and the equity put-call ratio is already nearing complacent levels. The Fed is likely to give the market […]

Permabit has unveiled storage software that the start-up claims can reduce storage capacity needs by as much as 95%. As if that weren’t enough, Permabit’s Permeon solution runs on standard non-proprietary servers, lowering total cost of ownership (TCO) and offering savings of as much as 50% over other content-addressed storage (CAS) offerings. Permeon requires no […]