TECH STOCKS: Tech Stocks Post Gains With H-P Earnings On Tap

Date : 05/18/2010 @ 10:51AM
Source : Dow Jones News
Stock : Rightnow Technologies, Inc. (MM) (RNOW)
Quote : 43.0  0.0 (0.00%) @ 2:05AM

TECH STOCKS: Tech Stocks Post Gains With H-P Earnings On Tap

Hewlett Packard (NYSE:HPQ)
Historical Stock Chart

5 Years : From Jan 2013 to Jan 2018

Click Here for more Hewlett Packard Charts.

By Rex Crum

Much of the tech sector rose Tuesday, with Hewlett-Packard Co. among the advancers as the world's largest technology company is set to deliver its second-quarter earnings report after the market close.

H-P (HPQ) shares rose 53 cents to $48.02 to lead a slate of gainers that included Apple Inc. (AAPL), IBM Corp. (IBM), Microsoft Corp. (MSFT), Dell Inc. (DELL) and Yahoo Inc. (YHOO).

Analysts surveyed by FactSet Research estimate H-P will earn $1.06 a share on $29.86 billion in sales for its fiscal second quarter.

The Nasdaq Composite Index (RIXF) added to its Monday gains by rising more than 12 points to 2,366. The Morgan Stanley High Tech 35 Index(MSH) edged upward, but the Philadelphia Semiconductor Index (SOX) slipped into the red.

Other gains came from RightNow Technologies Inc. (RNOW), which rose 86 cents a share, or 5.6%, to $16.26 after FBR Capital Markets analyst David Hilal raised his rating on the software company to outperform from market perform. Hilal said that he expects RightNow to get more deals involving contact centers for businesses' customer service operations and sign more bookings in the coming months.

Decliners included EMC Corp. (EMC), Seagate Technology (STX) and Cisco Systems Inc. (CSCO).

QAD Inc. (QADI) shares fell 44 cents, or almost 8%, to $5.27 after the maker of software for manufacturers gave a weaker-than-expected quarterly forecast. The company now expects to lose 4 cents to 5 cents a share on $50 million to $51 million in sales, down from earlier estimates of a profit of 3 cents a share on $54 million in revenue.


Latest RNOW Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.