Partner With Us
























Citrix Soars as Symantec, Nvidia Plunge

Technology earnings reports have been mixed so far this quarter.

July 29, 2010
By Paul Shread: More stories by this author:

Earnings reports continue to paint a mixed picture of the health of the technology sector, as Thursday's batch of quarterly results demonstrated once again.

Symantec (NASDAQ: SYMC), Akamai (NASDAQ: AKAM), LSI (NYSE: LSI) and Nvidia (NASDAQ: NVDA) all fell around 10 percent each on disappointing quarterly results, even as Citrix (NASDAQ: CTXS) soared 20 percent to a 10-year high on a bullish sales outlook.

Nvidia — the worst-performing tech stock in the S&P 500 this year — weighed on chip stocks after the company cut its revenue forecast. AMD (NYSE: AMD), Applied Materials (NASDAQ: AMAT) and Micron (NASDAQ: MU) were a few of the chip stocks that followed Nvidia lower.

Compellent (NYSE: CML) jumped 16 percent on a strong earnings report, while Quantum (NYSE: QTM) plunged 24 percent after missing estimates.

Research in Motion (NASDAQ: RIMM), Microsoft (NASDAQ: MSFT), Qualcomm (NASDAQ: QCOM) and Google (NASDAQ: GOOG) were a few that managed small gains on the day, while Sony (NYSE: SNE) surged 8 percent on its results.


TAGS: stocks, stock market




Business Archives | 7 Day InternetNews Summary | Contact Paul Shread | Back to top

Add internetnews.com
to your browser search box.

IE 7 | Firefox 2.0 | Firefox 1.5.x
Receive news
via our XML/RSS:
feed



More InternetNews.com


Hardware Software Mobility Web Content
Search Government Developer Business
Storage E-Commerce Networking Security



Internet.com
The Network for Technology Professionals

Search:

About Internet.com

Legal Notices, Licensing, Permissions, Privacy Policy.
Advertise | Newsletters | E-mail Offers