Technology Sector Review: Winning and Losing Stocks on Oct 17th

Wall St. Watchdog reveals information about today’s action in the Technology (NYSE:XLK) sector:

Gainers (% price change)

  • Shanda Interactive (NASDAQ:SNDA): The shares closed at $38.33, up $4.85, or 14.49%, on the day. Its market capitalization is $1.29 billion. About the company: Shanda Interactive Entertainment Ltd, operates online games in China. The Company offers a portfolio of online games that users play over the Internet. Shanda’s games are licensed from third parties as well as developed in-house.
  • Cypress Semicond. Corp. (NASDAQ:CY): The shares closed at $10.56, up $0.86, or 8.87%, on the day. Its market capitalization is $1.64 billion. About the company: Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.
  • Majesco Entertainment Co. (NASDAQ:COOL): The shares closed at $3.02, up $0.19, or 6.71%, on the day. Its market capitalization is $124.71 million. About the company: Majesco Entertainment Company is an international developer, publisher, and distributor of interactive entertainment products. The Company markets worldwide.
  • Gilat Satellite Networks (NASDAQ:GILT): The shares closed at $3.49, up $0.17, or 5.12%, on the day. Its market capitalization is $140.87 million. About the company: Gilat Satellite Networks Ltd. designs, develops, manufactures, markets, and supports very small aperture terminal satellite earth stations and related hub equipment and software. The Company’s products are incorporated into telecommunications networks that provide satellite-based communications between a central location and a large number of geographically-dispersed sites.
  • PCTEL, Inc. (NASDAQ:PCTI): The shares closed at $6.40, up $0.25, or 4.07%, on the day. Its market capitalization is $118.44 million. About the company: PC-Tel, Inc. develops and supplies software based connectivity solutions. The Company’s solutions enable Internet access and other communications applications through existing analog and emerging broadband networks. PC-Tel’s communications products are designed to enable Internet access and other communication applications through desktop PCs, notebook computers, and Internet appliances.

Losers (% price change)

  • Canadian Solar Inc. (NASDAQ:CSIQ): The shares closed at $3.27, down $0.52, or 13.72%, on the day. Its market capitalization is $142.10 million. About the company: Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses. The Company’s products include a range of standard solar modules for use in a wide range of residential, commercial, and industrial solar power generation systems.
  • Veeco Instruments Inc. (NASDAQ:VECO): The shares closed at $24.61, down $3.18, or 11.44%, on the day. Its market capitalization is $1.01 billion. About the company: Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments.
  • Support.com, Inc. (NASDAQ:SPRT): The shares closed at $2.28, down $0.29, or 11.28%, on the day. Its market capitalization is $110.61 million. About the company: Support.com Inc. provides eBusiness infrastructure software. The Company’s software optimizes, automates, and personalizes user support over the Internet. SupportSoft sells its products and services to corporate information technology departments, Internet service providers, application service providers, and support outsourcers.
  • Cree, Inc. (NASDAQ:CREE): The shares closed at $26.61, down $3.12, or 10.49%, on the day. Its market capitalization is $3.08 billion. About the company: Cree, Inc. develops and manufactures semiconductor materials and electronic devices made from silicon carbide (SiC). The Company uses proprietary technology to make enabling compound semiconductors such as blue and green light emitting diodes, SiC crystals used in the production of unique gemstones, and SiC wafers that are sold for device production and research.
  • PROS Holdings, Inc. (NYSE:PRO): The shares closed at $14.69, down $1.62, or 9.93%, on the day. Its market capitalization is $395.67 million. About the company: PROS Holdings, Inc. develops and markets business computer software. The Company offers pricing and revenue optimization software.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

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