Technology Sector Review: Winning and Losing Stocks on Oct 18th

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

Gainers (% price change)

  • Patni Computer Systems (NYSE:PTI): The shares closed at $13.75, up $1.95, or 16.53%, on the day. Its market capitalization is $916.98 million. About the company: Patni Computer Systems Ltd develops software and provides information technology services and business solutions. The Company maintains application development projects, across all major software platforms and environments.
  • Trina Solar Limited (NYSE:TSL): The shares closed at $7.46, up $0.74, or 11.01%, on the day. Its market capitalization is $592.32 million. About the company: Trina Solar Limited manufactures solar-power products including photovoltaic wafers, ingots, cells and modules. The Company’s solar modules provide environmentally-friendly electric power for residential, commercial, industrial, and other applications worldwide.
  • Franklin Electric Co. (NASDAQ:FELE): The shares closed at $43.41, up $3.98, or 10.09%, on the day. Its market capitalization is $1.01 billion. About the company: Franklin Electric Co., Inc. designs, manufactures, and distributes electric motors, electronic motor controls, and related equipment. The Company sells its products around the world primarily to original equipment manufacturers of pumps, petroleum equipment, compressors, fans, heating and air conditioning equipment, swimming pool equipment, medical furniture, and business machines.
  • Westell Technologies Inc. (NASDAQ:WSTL): The shares closed at $2.49, up $0.22, or 9.69%, on the day. Its market capitalization is $172.07 million. About the company: Westell Technologies, Inc. designs, manufactures, markets, and services digital and analog products used by telephone companies to deliver services over existing copper telephone wires. The Company also markets its products and services to other telecommunications and information service providers seeking direct access to end-user customers.
  • Cohu, Inc. (NASDAQ:COHU): The shares closed at $11.69, up $1.02, or 9.56%, on the day. Its market capitalization is $282.27 million. About the company: Cohu, Inc. designs, manufactures, and sells semiconductor test handling equipment to semiconductor manufacturers throughout the world. The Company also manufactures closed circuit television, metal detection, and microwave equipment.

Losers (% price change)

  • TESSCO Technologies, Inc. (NASDAQ:TESS): The shares closed at $13.20, down $1.15, or 8.01%, on the day. Its market capitalization is $102.30 million. About the company: TESSCO Technologies Incorporated provides products and value-added services in the wireless communications industry. The Company serves customers in the cellular telephone, personal communication system, paging, and mobile radiodispatch markets. TESSCO offers manufacturer brand name products, as well as its own products which are sold under the Wireless Solutions name.
  • Ingram Micro Inc. (NYSE:IM): The shares closed at $17.38, down $1.34, or 7.16%, on the day. Its market capitalization is $2.74 billion. About the company: Ingram Micro Inc. is a wholesale distributor of Information Technology (“IT”) products and services. The Company also markets computer hardware, networking equipment, and software products. Ingram Micro provides supply chain optimization services to suppliers and reseller customers.
  • Itron, Inc. (NASDAQ:ITRI): The shares closed at $32.13, down $1.44, or 4.29%, on the day. Its market capitalization is $1.31 billion. About the company: Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data. The Company sells its products to the utility industry. Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.
  • Sohu.com Inc. (NASDAQ:SOHU): The shares closed at $56.52, down $1.99, or 3.4%, on the day. Its market capitalization is $2.17 billion. About the company: Sohu.com Inc. operates an Internet portal in China. The Company’s Web site consists of Chinese language Web navigational and search capabilities, Web-based communications services, and a platform for e-commerce services.
  • Support.com, Inc. (NASDAQ:SPRT): The shares closed at $2.21, down $0.07, or 3.07%, on the day. Its market capitalization is $107.21 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.

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

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>