Paul Shread

Tape library vendor Overland Storage has acquired privately-held Okapi Software to expand into the new iSCSI and Serial ATA (SATA) disk technologies. The acquisition price of $5.0 million consists of $2.5 million in Overland stock, $1.8 million in cash, and Overland’s assumption of approximately $700,000 in liabilities. Okapi founder, president, and CEO John Matze has […]

With support holding on all indexes and the internals holding up too, today’s bounce came as no surprise, and excessive put volume added to the buying. However, today’s upside volume lagged, as it has for all of June, and volume was unspectacular. So where do we go from here? The Dow and S&P (first two […]

It’s been a long time since mutual fund managers snapped up Internet stocks for quarter-end window dressing. But with Internet stocks up more than 30% in the second quarter and the end of the quarter approaching, fund managers may be doing just that, picking up shares of stocks like eBay , Amazon and Yahoo to […]

Except for rising volume on the NYSE, a sign of distribution, we’d have to characterize today as not bad under the circumstances. The indexes all held support (see charts below), and the internals were fairly solid despite the index losses. In short, despite the Nasdaq’s intermediate term sell signal – which the NYSE still hasn’t […]

As if Microsoft didn’t have enough problems already, along comes IBM to challenge the software giant in the small-to-medium-sized business market, where Microsoft is the dominant vendor. IBM says its new software offerings will be priced as much as 25% lower than Microsoft’s for key products such as databases and Internet business software. Big Blue […]

InfiniBand switch start-up Voltaire has become the first to pair iSCSI and InfiniBand, creating what one analyst calls “an iSCSI solution on steroids.” Voltaire says its storage connectivity solution provides high-performance conductivity to Fibre Channel and IP storage area networks, along with management and virtualization capabilities that are embedded in Voltaire’s InfiniBand-to-FC routers to leverage […]

The Nasdaq, the S&P and the Dow all held support again today (see charts below), and with stochastics trying to turn up from oversold levels, the indexes could be in for a bounce. With opinion divided on the sized of an expected Fed rate cut tomorrow, it could be a volatile day. For the Nasdaq, […]

A warning from AMD and a downgrade to Cisco on Tuesday had investors wondering if the expected recovery in technology spending will materialize. AMD slashed its revenue forecast for the June quarter from $715 million to $615 million. “The anticipated global sales improvement in the month of June did not materialize,” AMD CFO Robert Rivet […]

HP has announced five new services for optimizing and managing heterogeneous storage environments, along with enhancements to the company’s Pay per Use solution for HP StorageWorks XP disk arrays, which allows customers to pay based on actual storage capacity usage. The new network storage services include HP Data Replication Solution, HP Disaster Tolerant Management, HP […]

The Nasdaq (first chart below) held important 1599-1600 support nicely today. While the Nasdaq 100 could go as low as 1167 and still be bullish (today’s low was 1189), the Nasdaq would form a nice bullish rectangle/Elliott wave flat correction if it goes no lower than 1599. First resistance is 1620-1625. The S&P (second chart) […]

Rather than getting an MBA from the University of Phoenix Online , prospective business students might do just as well to study the company itself. With extremely low capital needs and very high free cash flow, UOPX is one of the best Internet companies this side of eBay . Legg Mason downgraded the stock based […]

The negatives today were numerous despite the okay performance of the indexes: continued deterioration in new highs on both exchanges, poor upside volume and leadership, and what may be the lowest equity put-call ratio reading since August 2000 (.357). If not for today being expiry, that last one would really be cause for concern. Another […]