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The Stocks The Buyers Forgot: 6 Left Out Of The Rally

 Oct 13, 2008 04:52 PM UTC
Percentile Score: N/A
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Symbol Sentiment Start Return Closed
PALM n/a
ORBK n/a
MOVE n/a
STAR n/a
SNIC n/a
PWAV n/a

Graphic_arrow1 Via BARRONS.com: Tech Trader Daily - Barron's Online:  

You have to search pretty hard to find tech stocks left out of today’s rally. But they’re out there. Here’s a half-dozen companies that were not included in today historic rally, which took the Nasdaq Composite up nearly 12%:


  • Palm (PALM): This is how ugly things have become for Palm: on a day in which RIMM rose 15.5%, Apple gained 13.9% and Nokia climbed 8.8%, Palm fell 15 cents, or 2.8%, to $5.22. Embarrassing.

  • MOVE (MOVE): The provider of online real-estate listings fell 4 cents, or 1.8%, to $2.21.

  • Powerwave (PWAV): Shares of the wireless chip provider slumped 14 cents, or 4.7%, to $3.05.

  • Starent (STAR): The company, which sells hardware and software to mobile operators, dropped 38 cents, or 3.4%, to $10.98.

  • Sonic Solutions (SNIC): A provider of DVD burning software, SNIC fell 13 cents, or 4.4%, to $2.81.

  • Orbotech (ORBK): The company, which sells hardware to makers of printed circuit boards, said third quarter revenue would be about 10%-15% short of previous guidance. The company said some of its customers are having difficulty securing credit facilities for previously confirmed orders. ORBK today fell 37 cents, or 7.8%, to $4.37.




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