Paul Shread

Diligent Technologies has netted $10.5 million in fourth-round funding, raising the data protection and de-duplication specialist’s total haul to date to $46.5 million. Eastward Capital joined current investors Matrix, Accel and Gemini in the new round, which will be used for R&D and sales, support and engineering efforts. Diligent CEO Doron Kempel said the company […]

The rumor mill turned out to be pretty accurate for once. Stocks reversed steep losses Thursday on rumors of an emergency Federal Reserve meeting. Friday morning, the rumors turned out to be true when the Fed cut its rarely used discount rate, instead of the better known fed funds rate, sending stock futures soaring. The […]

Well, we asked for a 90% upside volume day to cement a bottom, and we got it, courtesy of the Federal Reserve (talk about good market timing — cutting rates before the market open on an expiry Friday). We should note that the bulls barely got the job done: we count 90.67% upside volume on […]

A day that began with a market freefall ended with stock indexes recovering most of their losses — and a blowout earnings report from HP after the bell. Fears of a Countrywide Financial bankruptcy, the nation’s biggest mortgage lender, sent stocks plunging for much of the day on Thursday, with the Dow down more than […]

No sign of a bottom yet, as the market endures its most relentless selling in years. Without a 90% upside volume day to suggest that sellers have been washed out, the advantage will continue to go to the bears, as sentiment and capitulatory selling have given bulls an opening they have been unable to take […]

The selling that has engulfed the stock market since mid-July took hold again on Wednesday, sending stocks to four-month lows amid renewed concerns over the health of the credit markets. A Merrill Lynch sell rating on Countrywide Financial was just the latest news fueling panic about a spreading crisis that began in the subprime mortgage […]

VMware soared 75% in its stock market debut Tuesday, but the rest of the market suffered a familiar fate, plummeting over concerns about the crumbling credit market. WMware’s much anticipated IPO went smoothly, raising nearly $1 billion for EMC . Trading in VMware was active, with 27 million of the 33 million shares changing hands. […]

DataSynapse, once considered the fastest-growing grid computing vendor, now considers itself the fastest-growing application virtualization vendor. The company is part of a growing trend, as grid vendors increasingly align themselves with the larger data center virtualization market. And with VMware soaring in its IPO today as the rest of the stock market is in freefall, […]

A rally on Wall Street faded in the final hour of trading Monday as traders fretted over what the next revelation will be in the global credit market meltdown. Stocks were up early after a Goldman Sachs hedge fund bailout and more global central bank monetary interventions. The Nasdaq opened near its high for the […]

EqualLogic is the latest storage vendor to seek its fortune in the public markets, filing plans for a $125 million IPO with the SEC late last week. The company is considered the top private iSCSI storage vendor, and its triple-digit growth rate since 2004 seems to support that claim. EqualLogic had sales of $10.4 million […]

Stocks finally found a little stability today, and with the S&P and Nasdaq holding their recent lows, perhaps we’re witnessing nothing more than a retest. But now we need some confirmation of a bottom in the form of a 90% upside volume day, proof that sellers have indeed been exhausted. Until we get that — […]

It took the biggest global financial rescue since the Sept. 11, 2001 terrorist attacks to bring some stability to stocks on Friday, as the major indexes pared steep early losses to end the day mixed. Global stock markets have been battered in recent weeks on fears that U.S. subprime mortgage troubles could lead to a […]