Articles by Nora Macaluso

JDS Uniphase (Nasdaq: JDSU) fellUS$2.81 to $29.81 in morning trading Tuesday after announcing 3,000 layoffs JDS, an Ottawa, Ontario-based maker of fiber-optic components, said most ofthe cuts will cover manufacturing jobs in San Jose, California and Nepean,Ontario.

JDS Uniphase (Nasdaq: JDSU) fellUS$2.81 to $29.81 in morning trading Tuesday after announcing 3,000 layoffs JDS, an Ottawa, Ontario-based maker of fiber-optic components, said most ofthe cuts will cover manufacturing jobs in San Jose, California and Nepean,Ontario.

i2 Technologies (Nasdaq: ITWO) fell US$4.13 to$31.38 in morning trading Tuesday after reports said the software maker waspartly responsible for problems at footwear company Nike (NYSE: NKE) In addition, Goldman Sachs was said to have cut earnings expectations fori2, along with other software developers....

Aspect Communications (Nasdaq: ASPT)dropped US$1.69 to $11.31 in trading Tuesday morning, as the customer relationshipmanagement company said it would cut its workforce by 160 people, or 6percent San Jose, California-based Aspect said that the move -- part of a"continuing effort to optimize operations" -- would result in a charge of $4million to $6...

Texas Instruments (NYSE: TXN) fell to US$29.26 early Monday, down 89 cents, after the semiconductor company lowered its expectations for first-quarter results, saying a slumping economy "is continuing to constrain demand for technology products." Following the announcement, Merrill Lynch reportedly downgraded Texas Instruments' near-term investment...

Research In Motion (Nasdaq: RIMM) was upUS$2.63 at $43.63 in morning trading Monday, after the maker of the BlackBerry wireless e-mail communications device announced what it calledits "first major European supply agreement." Research In Motion, based in Waterloo, Ontario, said it will supply UKmobile telecommunications operator BT Cellnet with Bla...

Intel (Nasdaq: INTC) was down US$1.13 at $28.81 in morning trading Monday, erasing an early gain after the chipmaker said it agreed to acquire VxTel, a privately held semiconductor company, for about $550 million in cash Intel, the second-most actively traded issue on the Nasdaq Composite Index in the morning, was as high as $30.70 before falling b...

VerticalNet (Nasdaq: VERT) fell to US$3, dropping 53 cents, in morning trading Friday, after the e-commerce companyreported a wider loss for the fourth quarter ended December 31st and saidit expects a loss for the current quarter as well Credit Suisse First Boston reportedly downgraded VerticalNet to buy fromstrong buy following the news....

Sun Microsystems (Nasdaq: SUNW) dropped to US$20.44 Friday morning, losing 38 cents, amid reports that management lowered its targetsfor sales and earnings in the current quarter Sun officials reportedly told investors in a conference call after the closeof trading Thursday that the company will earn 7 to 9 cents per share in thethird quarter endin...

Sun Microsystems (Nasdaq: SUNW) was downUS$1.81 at $20.44 Wednesday morning following reports that Merrill Lynch &Co. downgraded the stock, because of concerns that the slowing economy couldhurt demand for Sun's products Merrill analyst Thomas Kraemer reportedly downgraded the Palo Alto,California-based software maker to neutral from accumulate, sa...

VA Linux Systems (Nasdaq: LNUX) fell US$1.59 to $5.66 in morning trading Wednesday, after the software makerreported a loss for the fiscal second quarter and announced a plannedrestructuring -- including approximately 139 job cuts and a charge to third-quarter results Chief executive officer Larry Augustin blamed the weak results on "theoverall eco...

FairMarket (Nasdaq: FAIM) rose to US$2.41, up 53 cents, after the company, which provides so-called "dynamic pricing"services to retailers, said its clients will be able to sell their waresdirectly over the eBay marketplace FairMarket said the deal will let merchants, manufacturers anddistributors "efficiently list, manage and transact sales throug...

Kana Communications (Nasdaq: KANA) was at US$4.06 in morning trading Tuesday, up 9 cents, after the company saida division of German communications firm Bertelsmann will use Kana's technology as the "backbone" of its U.S. customer service centers Bertelsmann Services, a $900 million customer-service outsourcing division of the media giant that owns...

Breakaway Solutions (Nasdaq: BWAY)traded Tuesday morning at US$1.28, up 16 cents, after the company said itreceived $33 million in financing to help it continue its push towardprofitability The company said it has already received $3 million of the equity financing,with the remainder subject to shareholder approval and other conditions. Thelenders ...

Novell (Nasdaq: NOVL) was at US$7.53 in morning trading Friday, down 47 cents, following reports that the software maker expects a big drop in revenue for the year The Provo, Utah-based company also reported a net loss for the first quarter of 2001 ended January 31st of $7.77 million, or 2 cents per share, compared with net income of $44.84 million...

Amazon.com (Nasdaq: AMZN) was down 19 cents at $14.25 after Prudential Securities downgraded the stock to sell and slashed its price target to $9 from $20 Prudential analyst Mark Rowen said that "anemic growth" in the e-tailer's book/music/video segment -- the company's only profitable division -- makes the stock overvalued. Amazon's "market capita...

Alltel (NYSE: AT) was up US$1.59 at $54.70 early Thursday after the communications company announced a reorganizationthat includes 1,000 job cuts The company said it will reduce its operations to three geographicalregions from five, with regional bases in Cleveland, Ohio; Charlotte, NorthCarolina; and Little Rock, Arkansas.

GoTo.com (Nasdaq: GOTO) rose to US$11 in morning trading Wednesday, up 44 cents, after the Internet search service reported a 60 percent revenue increase for the fourth quarter ended December 31st GoTo said it had $55 million in cash and liquid investments at the end of the quarter, and less than $1 million in debt....

Engage (Nasdaq: ENGA) was trading at US$1.47 early Wednesday, down 48 cents, even after the online advertising and marketing company said results for the second quarter ended in January will bebetter than previously thought The company said it expects a loss before extraordinary items "no greaterthan 28 cents per share" for the quarter, with revenu...

PurchasePro.com (Nasdaq: PPRO) roseUS$2.70 to $18.62 in morning trading Tuesday after soaring past analystestimates for the fourth quarter ended December 31st Credit Suisse First Boston reportedly reiterated a strong buy rating onPurchasePro shares following the news, while ABN Amro reportedly repeated a buy rating on the stock....