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- The Accelerator Conundrum
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Technology Stocks
Accenture Betting On Health IT, Smart Grids
Accenture (NASDAQ:ACN) turned in another subdued performance in the recently announced Q3 results. Even though their results were better than the Street’s expectations, both revenues and margins fell over the year. >>>
Memory Market Weak, But Handsets A Bright Spot
The memory downturn continues as a result of weak demand, oversupply, and price wars, with many memory vendors struggling with losses. Leading chipmaker Micron Technology Inc. (NYSE:MU) recently reported its tenth straight quarterly loss. Even the semiconductor sector looked gloomy as National Semiconductor (NYSE:NSM) reported its first loss in six years. Let’s take a closer look. >>>
Optical Component Makers Struggling
With telecom operators slowing purchases, depleting inventories and reducing IT spending, optical component providers JDS Uniphase (NASDAQ:JDSU) and Finisar (NASDAQ:FNSR) are having a tough time. Let’s take a closer look. >>>
Paychex Should Follow In Intuit’s Footsteps
Last week, the leading payroll processing company, Paychex (NASDAQ:PAYX) reported fourth quarter and fiscal year 2009 results that missed analyst estimates as the weak economy and rising unemployment — according to the most recent report from the Bureau of Labor Statistics, new unemployment claims were higher than expected — finally take a toll. Let’s take a closer look. >>>
Time For Synopsys To Acquire PDF
PDF Solutions, (NASDAQ:PDFS), the leading provider of yield improvement technologies and services for IC manufacturing process life cycle, earlier in the year saw its stock crash to under a dollar per share. >>>
Palm Back In The Smartphone Race
On June 6, Palm (NASDAQ:PALM) launched the Palm Pre, a great product that has brought the company back into the smartphone race. Yesterday, it reported fourth quarter results that beat analyst estimates. Palm also reported that the number of applications downloaded from the Palm App catalog has grown from 150,000 at launch to over 1 million. Let’s take a closer look. >>>
Digital River Set To Benefit From E-Commerce Consolidation
The recession doesn’t seem to be troubling Digital River, Inc. (NASDAQ:DRIV) too much as they continued to execute flawlessly. Q1 revenues of $102.9 million beat the projected $96-$100 million guidance, and slipped a minor 1% over the last year’s $103.6 million. EPS of $0.56 grew over last year’s $0.53 and exceeded the company’s projected EPS of $0.48-$0.53 for the quarter. >>>
McClatchy Struggles As Ad Revenues Drop 30%
Nearly seven large US newspapers have filed for bankruptcy in the past five months, making it clear that the industry is finding it extremely difficult to sustain its business model or find a new one as the recession continues to eat away at its main revenue source, advertising. McClatchy (NASDAQ:MNI), the third-largest newspaper company in the US, doesn’t seem to be in any better a position than its peers. >>>