Six Tech Stocks the Rally Forgot

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.

Comments

[Peter Lynch:]

Regarding Palm, take a look at its Friday performance and perhaps you would come to a different conclusion???

2008 Oct 13 10:47 PM