Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (144884)	8/6/2002 5:23:25 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Lets see if Cisco picks up investor morale. They beat the street but revenue was flat. Tech needs a catalyst...Cisco could be it. >>Cisco tops target Cisco Systems shares (CSCO: news, chart, profile) gained 35 cents, or nearly 3 percent, after the networking giant topped analyst pro forma expectations by 2 cents a share. See full story. Analysts surveyed by Thomson Financial/First Call had expected Cisco to report a fourth-quarter profit of 12 cents a share on revenue of $4.88 billion. Revenue came in at $4.8 billion. Cisco also announced that it has more than doubled its stock repurchase plan, now up to $8 billion. Rival Juniper Networks (JNPR: news, chart, profile) reacted in sympathy, up almost 1 percent following the release. More earnings Shares of TMP Worldwide (TMPW: news, chart, profile) fell 17 percent after the parent of Monster.com said its second-quarter earnings dropped off significantly due to the lingering slump in hiring. The staffing and recruitment firm also announced that its president and COO Jim Treacy would be leaving the company. WebMD (HLTH: news, chart, profile) reported second-quarter earnings that exceeded expectations although sales came up a bit shy. The stock closed Tuesday up 28 cents at $4.76 before adding a few cents in the third market. Tech spotlight AOL Time Warner (AOL: news, chart, profile) kept busy after the bell as shares ended the day with a fourth straight losing session. After hours, the stock hardly budged. The entertainment and media giant confirmed that it had named Jonathan Miller as the chief executive officer of its America Online unit. The Justice Department and the SEC are investigating the online unit's accounting. See full story. An early buying spree brought such after-hours favorites as Microsoft (MSFT: news, chart, profile), BEA Systems (BEAS: news, chart, profile) and Oracle (ORCL: news, chart, profile) firmly into green territory ahead of the close and the buying continued on Island as each issue jumped another 1 percent. The same was true in the chip arena where Intel (INTC: news, chart, profile) and Applied Materials (AMAT: news, chart, profile) both added more than 1 percent to earlier gains.