Articles by Nora Macaluso

Cisco Systems (Nasdaq: CSCO) rose 94 U.S. cents to $14.63 in morning trading Thursday following reports that the company will stop making a slow-selling optical router Cisco will reportedly discontinue the product, acquired when the company bought Monterey Networks in 1999, and focus on more profitable markets, such as equipping metropolitan areas ...

Yahoo! (Nasdaq: YHOO) gained US$2.62 to$15.06 in morning trading Thursday after Lehman Brothers analyst HollyBecker raised her rating on the stock, saying the price has gotten lowenough for investors to "jump in." Becker upgraded Yahoo! to buy from market perform, and said she expects thestock to reach $20 in a year.

E.piphany (Nasdaq: EPNY) was down US$1.75 at $8 in morning trading Tuesday, after lowering its outlook for the first quarter ended March 31st The San Mateo, California-based maker of customer relationship management (CRM) software said it expects a loss of 40 cents per share, before amortization of goodwill and stock-based compensation, on revenue ...

Inktomi (Nasdaq: INKT) was down US$2.40 at $3.82 in morning trading Tuesday, after the software maker joined others in the Internet industry in lowering its outlook for the quarter just ended and announcing plans to cut jobs "Economic conditions in the United States and Europe have declined more quickly than we had initially anticipated, forcing us...

Ameritrade (Nasdaq: AMTD) fell 16 U.S. cents to $5.13 Monday morning, after the online brokerage said it would cut about 170 jobs -- reportedly 7 percent of its workforce -- in coming weeks Most of the jobs being eliminated are at call centers in Omaha, Nebraska, and Fort Worth, Texas, according to Ameritrade. The company said that the move would n...

Priceline.com (Nasdaq: PCLN) picked up 69 U.S. cents to $3.22 in morning trading Monday, after reaffirming its financial targets for the first half of this year Priceline, the Norwalk, Connecticut, travel services e-tailer, said that results for the first quarter will probably come in at the "favorable end" of the forecast it gave in February for a...

Art Technology Group (Nasdaq: ARTG) fell US$4.25 to $7.75 in morning trading Monday, after the e-commerce software maker said that it expects a wider loss for the first quarter ended March 31st as customers cut back on technology spending While revenue for the quarter likely rose to $40 million to $42 million from $21.6 million a year earlier, the ...

Corel (Nasdaq: CORL) improved 13 U.S. cents to $2.44 in morning trading Friday, after the software maker said it turned a profit in the first quarter ended March 31st The Ottawa, Ontario-based maker of WordPerfect said that it earned $534,000, or a penny per share, compared with a loss of $12.4 million, or 19 cents, in the year-earlier quarter.

Blue Martini Software (Nasdaq: BLUE) dropped 38 U.S. cents to $2.19 in morning trading Friday, after lowering its outlook for the first quarter ending March 31st and announcing plans to cut jobs "The economic slowdown and the uncertain business climate in the industrieswe target has resulted in the closure of fewer licensing contracts during thequa...

Handspring (Nasdaq: HAND) fell US$4.31 to $11.85 in morning trading Wednesday after rival handheld computer makerPalm (Nasdaq: PALM) issued a gloomy outlook for the current quarter, sayinga deteriorating economy has led to lower orders The drop came even as Handspring reaffirmed its financial targets for the fiscal year ending June 30th....

Nortel Networks (NYSE: NT) dropped US$2.27 to $14.49 in morning trading Wednesday after the telecom company announced a second set of layoffs and again reduced expectations for first-quarter results Analysts at Lehman Brothers and First Union Securities lowered their estimates for Nortel to reflect the company's latest revised expectations....

ADC Telecommunications fell US$1.50 to $9.06 inmorning trading Wednesday after lowering its expectations for second-quarterresults and announcing plans to cut 3,000 to 4,000 workers ADC, a Minneapolis, Minnesota-based provider of fiber optics, networkequipment and software to broadband networks, said an "extremely challengingeconomic environment an...

HotJobs.com (Nasdaq: HOTJ) fell 16 U.S. cents to $5.34 in morning trading Tuesday, after the Internet recruitingcompany said it has cut 15 percent of its workforce since the start of the year The New York-based company said it will take a $2.5 million to $3million charge to first-quarter earnings to cover the job cuts....

Vitesse Semiconductor (Nasdaq: VTSS) fell US$4.44 to $29.50 in morning trading Tuesday, after the company reduced itsoutlook for the current fiscal quarter for the second time this month Reports of downgrades at Credit Suisse First Boston and UBS Paine Webberhelped fuel the decline....

Cisco fell 69 U.S. cents to $18 in morning trading Monday, after the company's chief executive officer reportedly said that he expects the U.S. economy to remain in a slump for at least three more quarters John Chambers, in an interview with the Financial Times, said that the outlook has gotten worse since January, when the networking equipment mak...

Conexant Systems (Nasdaq: CNXT) fell to US$10.94 in morning trading Monday, down 19 cents, after the communications chipmaker warned that continued weak demand and inventory overhang would result in a weaker-than-expected second fiscal quarter The Newport Beach, California-based company also said it would cut 20 percent of its workforce and cut top...

LSI Logic (NYSE: LSI) fell US$1.77 to$18.92 in morning trading Monday, after the company, which makes integratedcircuits and storage systems, said it agreed to acquire communicationsprocessor maker C-Cube Microsystems forstock worth about $878 million C-Cube shares jumped on the news, rising $5.56 to $14.38 by midmorning....

Motorola (NYSE: MOT) rose 22 U.S. cents to $15.90 in morning trading Friday after the company said that it plans to cut approximately 4,000 jobs in its networks businesses The Schaumburg, Illinois semiconductor maker said that it expects charges tofirst- and second-quarter earnings to cover the layoffs, which will affect Motorola's commercial, tele...

WebMD (Nasdaq: HLTH) rose 67 U.S. cents to$6.50 Friday morning, after the company reported quarterly results thattopped expectations and said that it is on track to reach a profit, before charges, by the end of this year Analysts at SG Cowen reportedly upgraded WebMD shares to strong buy from buy after the report....

Homestore.com (Nasdaq: HOMS) was down 58 U.S. cents at $19 in morning trading Thursday, even as PrudentialSecurities began coverage of the stock with a strong buy recommendation and a 12-month price target of $32 Earlier in the day, the stock traded as high as $20.50. Homestore's 52-week high is $55....