Archive for August 28th, 2009

Intel Drives Friends and Rivals (INTC, DELL, MSFT, AMD, NVDA, MU, RMBS)

Intel Corporation (NASDAQ: INTC) guidance is driving the tech sector, despite Dell Inc. (NASDAQ: DELL) already giving a lift to the sector…..Right before the open at 9:28 AM EST Intel stock is up 4.5% at $20.35 on about 8 million shares.  Look at peers and competitors: Advanced Micro Devices Inc. (NYSE: AMD) is up over [...]

Sinovac Biutech, Swine Flu's Friend in China (SVA)

Sinovac Biotech Ltd. (AMEX: SVA) is soaring on its report that the Beijing Public Health Bureau has selected Sinovac as ONE OF THE FOUR manufacturers to supply Anflu®, Sinovac’s seasonal influenza vaccine, for the benefit of the citizens of Beijing. The Beijing Public Health Bureau completed the bidding process for the purchase of flu vaccines [...]

Aruba Networks Meet Atlantis (ARUN)

Aruba Networks, Inc. (NASDAQ: ARUN) is a screamer in price this morning, although it is a bit surprising with the strength of the bull market that the volume is still a bit lighter than this pricing would indicate for a low-priced stock. The wireless networking technology player beat sales for its fiscal fourth quarter and [...]

AIG Keeps Running (AIG)

American International Group, Inc. (NYSE: AIG) is seeing the run continue. Either its new CEO Benmosche is a demi-god, or the euphoria of the bull market and eight straight days of rallies are getting to traders. The news this morning has teh Taiwan unit sale valued around $2 billion. There is continued hope here that [...]

Dell Finds Some Love )DELL)

Dell Inc. (NASDAQ: DELL) traded over 6 million shares and went out last night up 3% in after-hours after a 6% run right before the close after Dell accidentally released its earnings ahead of the closing bell. As of 8:25 AM EST we have Dell trading up 4.1% at $16.30 on almost 1 million shares [...]

OmniVisions Says "Picture This" (OVTI)

OmniVision Technologies Inc. (NASDAQ: OVTI) is continuing its surge as a smartphone winner for all those internal cameras. The company reported a narrower than expected loss after Thursday’s closing bell, but it forecast second-quarter results that were above expectations. It now sees $0.10 to $0.20 EPS on revenue of $155 to $170 million versus Thomson [...]

Marvell Enthusiasm Continues (MRVL)

Marvell Technology Group Ltd. (NASDAQ: MRVL) is getting bid up and up. The communications chip maker posted a 24% drop in sales to $640.6 million. While this was down sharply, it was well above analyst estimates of $619.83 million; earnings beat but on cost cutting measures. Shares are up 7.5% at $15.70 as of 8:17 [...]