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TechStock Radar
E-mail: Rob@techstockprospector.com
Technorati
July 2009
Archives
 
Thursday, July 02, 2009, 1:42 PM — by Rob DeFrancesco, TechStock Radar
Palm Pre Sales Slowing?

According to Pali Research, checks indicate sales of the Palm (PALM, $15.99) Pre have slowed by as much as 33% over the past week at Sprint. The firm doesn’t think this has to do with inventory shortages. Pali says this could just be a short-term dip in demand, but it’s worth monitoring. For more on Palm, see TechStock Radar—June 25, 2009.
 
Thursday, July 02, 2009, 8:55 AM — by Rob DeFrancesco, TechStock Radar
Take-Two: Kaufman Sees $14

Kaufman upgrades Take-Two Interactive (TTWO, $9.73) to ‘Buy’ with a price target of $14 based on the company’s fiscal 2010 release schedule. This is the third broker upgrade over the past few weeks.

For more on Take-Two, see TechStock Radar—June 30 and June 22, 2009.
 
Thursday, July 02, 2009, 7:44 AM — by Rob DeFrancesco, TechStock Radar
Manhattan Associates Cuts Q2 Outlook

Manhattan Associates (MANH, $18.27) cuts Q2 EPS guidance to eight cents to 12 cents from previous guidance of 15 cents to 30 cents. The consensus is 22 cents. The company expects license revenue to come in around $4 million. Manhattan Associates reports full results on July 21.

After the company trimmed Q1 guidance at the start of April, the stock dropped 11.5% in one day. It fell an additional 8% before hitting a low of $14.07 on April 7.

For more on Manhattan Associates, see TechStock Radar—June 15 and April 2, 2009.
 
Wednesday, July 01, 2009, 4:31 PM — by Rob DeFrancesco, TechStock Radar
Western Digital Eyes Next Resistance

Western Digital (WDC, $26.80) closed above the June 1 high of $26.00 on Friday. After consolidating Monday and Tuesday, the stock pushed higher today on average volume. The next significant resistance stands at $29.93 from last August. For more, see TechStock Radar—June 24, 2009.
 
Wednesday, July 01, 2009, 12:35 PM — by Rob DeFrancesco, TechStock Radar
Apple Trading Update

For the latest trading up on Apple (AAPL, $144.18), Tech-Stock Prospector subscribers should see today's Rob's Journal.
 
Wednesday, July 01, 2009, 8:06 AM — by Rob DeFrancesco, TechStock Radar
FalconStor Jumps in June

Shares of FalconStor Software (FALC, $4.75) rose 29.4% in June as chatter heated up about more M&A activity in the storage sector. The stock now trades at 26X the 2009 consensus EPS estimate of 18 cents and 18X the 2010 consensus of 26 cents. FalconStor has no debt and $41.8 million in cash & investments, representing nearly 20% of its market cap.
   
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