AMD , Texas Instruments
and Apple Computer
all delivered strong results after the close on Wednesday.
Apple was the biggest winner, surging 10% after hours on blow-out numbers and guidance fueled by strong iPod sales.
AMD rose after doing what Intel couldn’t do Tuesday night: deliver better than expected results. And Texas Instruments climbed after raising guidance.
Also after the close, Rambus and Extreme
met estimates, Lam Research
beat estimates, Redback
missed, and SanDisk
fell despite beating estimates and raising guidance.
Stocks ended the day lower on inflation concerns and disappointing results from Intel .
The Nasdaq slipped 5 to 2024, the S&P 500 lost 1 to 1128, and the Dow gave back 3 to 10,377. Volume rose to 1.54 billion shares on the NYSE, but declined to 1.85 billion on the Nasdaq. Decliners led 26-7 on the NYSE, and 19-12 on the Nasdaq. Downside volume was 68% on the NYSE, and 57% on the Nasdaq. New highs-new lows were 36-224 on the NYSE, and 92-32 on the Nasdaq.
Manugistics surged 10% on speculation of a deal with IBM
.
Adtran gained 7% after beating estimates, and GSI Lumonics
jumped 9% on better than expected results.
Take Two tumbled 10% on a warning and the departure of its CEO.
Mobius plunged 20% on a warning.
Maxim declined after taking on Qualcomm
.
NVIDIA edged higher on new graphics products.
Market Commentary: For our free daily market commentary and technical analysis, please visit the InternetStockReport.com home page at:
http://www.InternetStockReport.com.