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MSFT, AMZN Defy Techs; JNPR, BRCM Lag

 Oct 23, 2009 07:49 PM UTC
Percentile Score: N/A
Tracked Blogger
Symbol Sentiment Start Return Closed
INTC n/a
BRCM n/a
AMZN n/a
TIVO n/a
JNPR n/a
MSFT n/a
DISH n/a

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

Heading into the close, with the Nasdaq Composite down 13 points at 2152, here’s how some select tech’s are faring:



  • Microsoft (MSFT) is up $1.42, having given up a portion of the day’s gains following better-than-expected sales and profti this morning, and the announcement of $1.47 billion in deferred revenue for pre-orders and shipments to equipment makers of its Windows 7 operating system software;

  • Amazon.com (AMZN) has continued to gain right through the day on blow-out third-quarter results last night, its shares currently up $24.37, or 26%, at $117.79;

  • TiVo (TIVO) has spiked $1.02, or 9%, to $12.49 following a bit on CNBC stating the stock is seeing unusually heavy volume of trades in out-of-the-money call options. Calls are trading at 300-to-1 compared to puts, the site notes. Could a settlement of its suit with Dish Network (DISH) be on the way?  Dish is down 49 cents, or 3%, at $18.01;

  • Juniper Networks (JNPR) is down 89 cents, or 3%, at $27.33 despite a beat-and-raise Q3 report last night. The stock had been up after-hours last night but today retreated amidst mixed views from analysts. Avian Securities downgraded the stock to “Negative,” noting networking equipment sales to carriers were not strong. Piper Jaffrary, on the other hand, upgraded the stock to “Neutral” from “Underweight.”

  • Broadcom (BRCM) is off $2.23, or 7.26%, having regained some ground after a Q4 forecast last night disappointed. Higher-than-expected operating expenses last quarter are weighing on the shares as well. The company forecast flat revenue for the current quarter. And with Intel (INTC) raising its Q4 forecast to 7% growth, why stick with a chip company merely holding steady?





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