TheStreet Search RSS Feed:

Wave Systems Breaking Out or Down?

Thu, 04 Mar 2010 07:51:48 EST

(Updated to reflect $6.3 million raised in 2009 offerings)

LEE, Mass. (TheStreet) -- Wave Systems' stock has surged 730% over the past year, evidence it has its fair share of believers it is poised to dominate the emerging hardware-based digital-security space with a very large addressable market.

But to sway bearish investors expecting a break down in share price, Wave Systems first needs to bury its history as a serial stock issuer. To accomplish this, it is evangelizing the technology to make consumers and corporations understand that built-in digital security is available at a flick of a switch and that it offers a cheaper, better performance than that of software-based security solutions. ...

Click to view a price quote on WAVX.

Click to research the Computer Software & Services industry.

United Tech Ups Dividend

Mon, 08 Feb 2010 17:02:05 EST

NEW YORK (TheStreet) -- United Technologies has raised its first quarter dividend by 10.4% to 42.5 cents per common share.

"This dividend increase demonstrates our confidence in UTC's financial strength and in our ability to continue to deliver outstanding performance in 2010 and beyond," United Technologies' chief, Louis Chenevert said.

The company claims to be stronger than a year ago as a result of structural cost reduction, effective cash redeployment and portfolio transformation. ...

Click to view a price quote on UTX.

Click to research the Industrial industry.

Microsoft Sees Lower IT Spending

Fri, 29 Jan 2010 12:03:49 EST

REDMOND, Wash. (TheStreet) -- Despite beating Wall Street estimates in its fourth-quarter earnings report released Thursday, Microsoft was the Dow's biggest decliner on Friday. Shares closed at $28.18, down 3.36%.

After a big holiday season consumer lift, Microsoft's next sales boost from the business sector looks a long way off.

Microsoft ripped through fiscal second-quarter sales targets by riding a massive wave of Windows 7-powered PC purchases at the end of last year, the software giant reported Thursday. ...

Click to view a price quote on MSFT.

Click to research the Computer Software & Services industry.

Apple Didn't Really 'Miss' on Sales

Tue, 26 Jan 2010 09:50:08 EST

Jason Schwarz is the author of The Apple Revolution, an e-book.

One of the reasons why Apple's stock was relatively flat after hours Monday was because Wall Street didn't know what to do with the GAAP accounting change. Too many analysts who should have been ready to interpret the data for their clients were left dumbfounded by the huge earnings beat.

Apple begins the day Tuesday with its lowest price-to-earnings ratio in years and as revised 2010 estimates come in, the company will have its lowest forward P/E of the Steve Jobs era. This disconnect won't last long. Over the next year, traders will price Apple stock back up towards its historical norm of a 32.7 P/E. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Watch This Memory Maker: Under the Radar

Thu, 21 Jan 2010 05:00:00 EST

SANTA ANA, Calif. (TheStreet) -- STEC appears to have had a phenomenal 2009, when its shares almost tripled and its revenue climbed an estimated 54%. In contrast, the Russell 2000, a small-cap index, gained 27% and revenues were down among tech companies, including IBM and Hewlett-Packard.

But everything was not rosy for Santa Ana, Calif.-based STEC.

The shares climbed almost ninefold to $41 by Sept. 10, before falling to $12 and losing more than $1.5 billion in market cap by December. The stock has rebounded, but investors are still scratching their heads and wondering what the heck is going on. ...

Click to view a price quote on STEC.

Click to research the Computer Hardware industry.

Apple Sends Invites for Product Launch

Tue, 19 Jan 2010 01:49:20 EST

Updated from Monday, Jan. 18 Apple reportedly is inviting reporters to an event in San Francisco on Jan. 27 amid speculation that it's preparing to unveil a tablet computing device.

The email invitation says, "Come see our latest creation," according to a report published Sunday on The Wall Street Journal's Web site.

An Apple representative declined to comment, according to the report. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Dell Falls Behind in PC Race

Thu, 14 Jan 2010 12:01:16 EST

ROUND ROCK, Texas (TheStreet) -- PC makers had a surprisingly strong fourth quarter. Not so surprisingly, Dell did not.

For four of the top five PC makers, price cuts, the new Microsoft Windows 7 operating system and growing demand in China all contributed to a blowout quarter, said analysts. The magnitude of strength in PC sales last quarter was the real surprise, UBS analysts wrote in a research note Thursday.

Hewlett-Packard expanded its lead as the top shop by adding more than a percentage point of the market to its share. And Acer surged to the No. 2 slot mostly because of the popularity of its laptops. ...

Click to view a price quote on DELL.

Click to research the Computer Hardware industry.

Homeland Security Winners: ICx, OSIS

Fri, 08 Jan 2010 17:10:11 EST

ARLINGTON, Va. (TheStreet) -- ICx Technologies, one of the security technology stocks that soared the week after the Christmas holiday as a result of the attempted airline bombing, was the biggest gainer on Friday in the recently hot anti-terror stock category.

President Obama made it clear on Friday morning, in a press conference about the attempted bombing by the Nigerian terrorist, that the pressure is on the heads of his intelligence agencies to improve airport screening and other security measures. Janet Napolitano, the head of Homeland Security, spoke after President Obama's remarks and said it was premature to say how much the federal government would spend on airport security measures.

Shares of ICx ended Friday up 10.7%, for a gain of 87 cents to $8.97. While the one-day spike was notable, ICx is actually much lower than the 52-week high it hit the week after Christmas. And heavy selling earlier in the week kept its Friday gain from eclipsing the ICx level shares began trading at on Monday morning. On Monday and Tuesday of this week, ICx experienced two consecutive days of more than 4 million shares traded, and closed below $8 on both days. ICx shares didn't rise above the $8 mark until Thursday. ICx shares' Friday volume of 3.3 million was well above its 1.1 million average, but still trailed the heavy trading at the beginning of the week. ...

Click to view a price quote on ICXT.

ASUS Brandishes Bamboo Notebooks: CES

Wed, 06 Jan 2010 01:20:11 EST

LAS VEGAS (TheStreet) -- Laptop makers ASUS and Lenovo have kicked off CES with a slew of announcements touting unusual casing materials and tablet technology in an attempt to challenge Apple.

ASUS was first to the plate, unveiling a raft of new laptops at a press event late Tuesday. Clearly keen to catch the eye of style-obsessed consumers, the Taiwanese technology giant took the wraps off its U53 devices, which use bamboo as casing material.

See all our CES 2010 coverage. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Apple Confirms Buy of Quattro Wireless

Wed, 06 Jan 2010 00:20:08 EST

Updated from Tuesday, Jan. 5

CUPERTINO Calif. (TheStreet) -- Apple confirmed it has acquired mobile-advertising business Quattro Wireless .

A price wasn't disclosed. The New York Times, citing a person briefed on the deal, said Apple paid close to $300 million for Quattro, which is based in Waltham, Mass. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Google Phone Unlikely to Be Game-Changer

Mon, 21 Dec 2009 05:02:37 EST

BOSTON (TheStreet) -- As Google announced more than a week ago that it was developing a smart phone to compete with offerings from Apple, Palm, Research in Motion and Motorola, some of which run Google's own Android operating system, annoying phrases like "game-changer" were bandied about.

Along with news about the hardware from Google, called the Nexus One, came rampant speculation about funky new models for how the phones will interact with service providers. Some theorized that the phone could use VoIP technology (voice over Internet protocol) to bypass the need for cell-phone service. Others said they could maybe be unlocked from the get-go, allowing users to pick whichever network they choose.

Despite the thrill and speculation in the tech community, Google's stock price has failed to get a lift. Investors are waiting for the details. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Earnings Preview: Oracle To Post 2Q Amid Sun Deal

Wed, 16 Dec 2009 08:04:34 EST

JORDAN ROBERTSON

SAN FRANCISCO (AP) Oracle Corp. is scheduled to report its fiscal second-quarter results after the market closes Thursday. Below is a summary of key developments and analyst commentary about the period.

OVERVIEW: Oracle's biggest immediate challenge is convincing European Union regulators to approve its $7.4 billion acquisition of Sun Microsystems Inc., a deal that appears to be getting closer to receiving the final antitrust clearance it needs to go forward. ...

Apple Has Order Delays With 27-Inch iMac

Tue, 15 Dec 2009 01:38:23 EST

CUPERTINO, Calif. TheStreet) -- Apple is reportedly behind schedule in filling orders for its 27-inch iMac desktop computer.

Apple said Monday it is "working hard" to meet demand for the computer even as reports mount that the machine's screens are malfunctioning.

Apple declined to comment on the complaints, but a spokesman told the Wall Street Journal the company was working to meet demand. ...

Click to view a price quote on AAPL.

Click to research the Consumer Durables industry.

Iowa Schools Gets $60M From Microsoft Settlement

Tue, 08 Dec 2009 13:05:27 EST

DES MOINES, Iowa (AP) Gov. Chet Culver says Iowa schools will get more than $60 million from the settlement of a lawsuit against Microsoft Corp.

Culver says more than 1,000 schools will be eligible to apply for some of the money. ...

Cisco Draws Closer to Tandberg Takeover

Wed, 02 Dec 2009 05:57:11 EST

SAN JOSE, Calif. (TheStreet) -- Cisco said 84% of Tandberg shareholders have tendered their shares to Cisco's $3.4 billion bid to acquire the Norwegian videoconferencing equipment company.

Cisco needs 90% of acceptances from Tandberg shareholders to complete the deal.

On Tuesday, Cisco extended the offer to Dec. 3, and on Wednesday said the bid wouldn't be extended. The company plans to announce on Thursday whether the 90% condition has been met. If the condition hasn't been met Cisco said it will "determine whether to withdraw the offer or waive this condition." ...

Click to view a price quote on CSCO.

Click to research the Computer Hardware industry.