Paul Shread

Perhaps the most interesting thing about the market in the last week is how it has absorbed disappointing earnings from two of its best-known and broadest economic barometers: GE and IBM. That speaks volumes of the resilience in the market, or at least of the willingness of traders to buy each and every dip. Still, […]

eBay , the Internet’s enduring success story, may finally be showing signs of cooling off. eBay fell more than 5% after hours Thursday after the company guided 2004 estimates lower, an almost unprecedented warning from the company. eBay matched third-quarter earnings estimates of 18 cents a share, beat revenue estimates by $12 million with $530.9 […]

CommVault Systems is the latest storage software firm to offer an email backup and archiving solution. With the growing number of laws and regulations requiring that email be archived and accessible, storage software firms see opportunity. “IT is just getting their arms around this issue,” says John Webster, founder of Data Mobility Group. “The federal […]

There was some volume behind today’s reversal, and it came after the Nasdaq (first chart below) hit some pretty significant resistance on the open, the upper trendline of a potential broadening top. The S&P (second chart) has yet to come close to the same trendline, while the Dow (third chart) is clinging to the same […]

IBM rained on what had been a stellar earnings parade after the close on Wednesday. Earnings of $1.02 a share, up 3% year-over-year, met estimates, and revenues of $21.52 billion came in shy of $21.85 billion estimates. “Although it is too early to say that a rebound is at hand, we are confident that we […]

Another strange day for internals, with six of the 10 most active NYSE stocks down on the day, a sign of some shaky leadership here. On the plus side, the Dow (first chart) is trying to break out above the upper trendline of a potential broadening top. That breakout at 9800 now needs to hold, […]

Intel found a way to improve on what was already its best quarter in years, beating earnings and revenue estimates after the close on Tuesday. Earnings of 25 cents a share, up 127% from the year-ago quarter, topped estimates of 23 cents a share, and revenues rose 20% to $7.83 billion, ahead of $7.72 billion […]

Quantum has unveiled what it claims is the biggest, fastest, and cheapest super drive on the midrange tape block. At 600 GB, the SDLT 600 boasts 50% greater capacity than LTO2. With a transfer rate of 72 MB/s, it’s also 20% faster, and at 20 cents per gigabyte, it’s 30% cheaper, too. “Quantum has recaptured […]

Intel will report third-quarter earnings tomorrow night, and investors can be forgiven if their expectations are already high. The chip giant has already raised guidance twice this quarter, and earnings are expected to double from the year-ago quarter to 22 cents a share. That build-up gives Intel the rare challenge of topping already high expectations. […]

We’re going to have to give the market points for holding up today; finishing flat on a GE earnings warning gets points for resilience, and there was also some decent bearish sentiment among options traders today. On the other hand, the huge drop in new highs today was a negative, so we need to see […]

Tech stocks posted modest gains on Friday, as upgrades to several names buoyed the market despite a weak earnings report from GE . Chip stocks led the way with a 1.2% gain on upgrades to Applied Materials , Intel and Texas Instruments . Merrill Lynch added AMAT to its Focus 1 list, predicting growth of […]

EMC is claiming the first integrated failover and recovery demonstration of a production application over transatlantic distances, although VERITAS – with backing from an industry analyst – contends it accomplished the same four years earlier. EMC and Fujitsu Siemens Computers report they demonstrated the global failover and recovery of a live SAP ERP application between […]