Paul Shread

EMC’s RSA security division has acquired data loss prevention startup Tablus, which moves the storage giant into the anti-data leakage (ADL) market and also gives it additional discovery and classification capabilities. EMC didn’t disclose the value of the deal, but The 451 Group analysts pegged it at around $50 million. In a recent report, The […]

So much for pre-presidential election years being the strongest of the four-year cycle, as only the Dow has beaten T-bills so far this year. Today highlighted one risk we’ve talked about in the last couple of weeks: without a 90% upside volume day to confirm that sellers have been exhausted, the market remains vulnerable, despite […]

News that French bank BNP Paribas was hit by the U.S. subprime mortgage market meltdown raised fears of a global financial crisis and sent stocks plummeting on Thursday. European and U.S. central banks responded by injecting liquidity into the global banking system, which only exacerbated fears that the crisis will continue to spread. By the […]

We still haven’t gotten the broad buying we were looking for to confirm a major bottom, but it doesn’t mean the bulls don’t have enough fuel to send the major indexes to new highs. We had four 90% downside days on the NYSE in a span of two months, the most concentrated capitulatory selling since […]

Stellar results from Cisco Systems sent its shares nearly 7% higher on Wednesday and propelled the Nasdaq to its best day since November. Stocks weathered a late-day sell-off on rumors of credit troubles at Goldman Sachs that saw the Dow give up all its gains before recovering to end 1.1% higher after CNBC, citing a […]

Sun Microsystems today unveiled a virtual tape library (VTL) that is the first storage product based on its “Thumper” data server. Sun is calling the offering the Sun StorageTek Virtual Tape Library Value (“VTL Value”) System despite its $85,000 price tag. The product combines the Sun Fire X4500 server with FalconStor’s VTL software, powered by […]

The S&P (first chart below) got stopped right at the important 1488 level today; above that and the bulls may be onto something. 1461, 1452 and 1440 are support. The Nasdaq (second chart) got stopped at 2576 resistance, with 2607-2615 looming above that, and support is 2525-2531. The Dow (third chart) broke above 13,520 resistance […]

Cisco Systems continued its long reign atop the tech sector late Tuesday, posting earnings and guidance that were once again better than Wall Street analysts were looking for. Cisco reported quarterly sales of $9.43 billion, up 18% from the year-ago quarter and $140 million better than expected. Earnings of 36 cents a share were a […]

As we noted on Friday, there were plenty of reasons for bears to be nervous here. That said, today was one of the ugliest 2% gains you’ll ever see, with breadth barely positive on the NYSE and negative on the Nasdaq. The 90% upside volume day that we were looking for for confirmation of a […]

Stocks rallied Monday on growing conviction that credit market fears have been overblown — and on hopes that Cisco Systems and the Federal Reserve will prove it on Tuesday. Investors are hoping the Fed will acknowledge the credit market crisis in its policy statement Tuesday afternoon, and that Cisco’s quarterly results after the close will […]

And then there was one. F5 Networks on Monday said it will acquire Acopia Networks, leaving Attune Systems as the last standalone player in the file virtualization space, as EMC, NetApp, Brocade and Cisco have swallowed up the rest (see File Virtualization Heats Up). F5 will pay $210 million to add file virtualization and management […]

It’s just plain ugly out there, but there are a couple of hopeful data points. First, we now have had four 90% downside volume days on the NYSE in the last two months, the most in a comparable period since there were five in July-October 1990. And second, big commercial futures traders are buying this […]