Articles by Nora Macaluso

IBM (NYSE: IBM) fell US$2.39 to $112.81 inmorning trading Friday after Bear Stearns lowered its rating on the computercompany's shares Analyst Andrew Neff said he downgraded IBM to "attractive" from "buy" to reflect"concern about the narrowing for the potential upside" in light of"valuation concerns" and tough comparisons for second-half results....

Level 3 Communications (Nasdaq: LVLT) rose US$1 to 16.49 in Thursday morning trading after announcing a contract with France Telecom (NYSE: FTE) and a set of three agreements in Asia Level 3, a Broomfield, Colorado-based communications services company, saidthe French phone company will lease broadband transport capacity to bolsterits North America...

Digital Island (Nasdaq: ISLD) climbed US$1.32 to $3.32 in morning trading Thursday, after the company said it won a contract from Microsoft (Nasdaq: MSFT) to deliver more than 860 million ads per day over the MSN network San Francisco, California-based Digital Island, which provides Internet infrastructure services, said MSN will use its Footprint ...

Cisco (Nasdaq: CSCO) rose 22 U.S. cents to $19.35 in morning trading Thursday, following news of an expanded agreement with AOL Time Warner (NYSE: AOL) AOL was up 78 cents at $52.78.

WebMD (Nasdaq: HLTH) reversed an early morning gain to trade down 68 U.S. cents at $8.37 Wednesday, after reporting a narrower loss for the first quarter and announcing a partnership with AOL Time Warner (NYSE: AOL) The company, which provides health information and services over the Internet, said its loss in the quarter ended March 31st, before r...

Exodus Communications (Nasdaq: EXDS) fell 75 U.S. cents to $9.37 in morning trading Wednesday, after the Web hosting company said it will cut about 15 percent of its 4,500 employees as part of a plan to reduce costs The plan will result in a charge of "less than $10 million" to results for the current quarter, Exodus said....

Amazon.com (Nasdaq: AMZN) lost 80 U.S.cents to $16.12 in morning trading Tuesday, after Prudential Securitiesrepeated a sell rating on the e-tailer's shares, saying they are a"high-risk" investment, and put a price target of $9 on the stock Amazon's base of more than 32 million customers, considered by many to beamong the e-tailer's most valuable a...

Cisco Systems (Nasdaq: CSCO) rose 82 U.S. cents to $20.07 in morning trading Tuesday, after Morgan Stanley Dean Witter raised its rating on the router maker's stock ahead of the company's quarterly financial report, due out after the day's close of trading Morgan analyst Christopher Stix upgraded Cisco to outperform from neutral, citing "increased ...

eMachines (Nasdaq: EEEE) jumped 25 U.S. cents to 49 cents in morning trading Tuesday -- an increase of 104.2 percent -- after the company, which makes low-costpersonal computers, said it hired an adviser to help it consider "strategicalternatives," including a possible sale "As a result of our continuing review of strategic alternatives followingou...

Amazon.com (Nasdaq: AMZN) slipped 66 U.S. cents to $16.90 in morning trading Monday, after a published report said the e-tail giant has scaled back its mobile commerce efforts in the face of a weak U.S. market for wireless shopping The Wall Street Journal, citing "people familiar with the effort," said that Amazon for a time considered spinning off...

Proxicom (Nasdaq: PXCM) climbed US$1.64 to $7.30 in morning trading Monday, after the Internet consulting company said it received a buyout offer from Dimension Data of the United Kingdom, topping an earlier bid from Compaq (NYSE: CPQ) Proxicom said Dimension Data offered to buy the company for $7.50 per share in cash. Last month, however, Proxicom...

Cisco Systems (Nasdaq: CSCO) picked up 70 U.S. cents to $20.34 in morning trading Monday, following news of an agreement with China Telecom Cisco said it will provide more than 500 high-speed Internet routers to the Chinese telecommunications company to help it build an "information highway stretching across China." Financial terms were not disclos...

Razorfish (Nasdaq: RAZF) reversed a reported after-hours decline to trade up 11 U.S. cents at $1.33 Friday morning, after officials reportedly predicted a better second quarter than analysts expected After the close of trading Thursday, Razorfish reported a first-quarter loss and said that top executives, including its chief executive officer, had ...

iVillage (Nasdaq: IVIL) fell 18 U.S. cents to $1.05 in morning trading Friday after the company, which operates Web sites aimed at women, reported a drop in revenue for the first quarter ended March 31st However, the New York-based company managed to narrow its loss from a year earlier as it cut costs and streamlined its operations....

HotJobs.com (Nasdaq: HOTJ) picked up 75 U.S. cents to $6.15 in morning trading Thursday, after the online recruiting services company reported a narrower loss for the first quarter and said that it will post an operating profit sooner than previously expected The New York City-based company reported an operating loss of $6 million, or 16 cents per ...

Handspring (Nasdaq: HAND) fellUS$2.44 to $15.06 in morning trading Thursday, after Lehman Brothersdowngraded the stock to buy from strong buy Lehman analyst Joseph To reportedly told clients that the decision by Handspring competitorPalm (Nasdaq: PALM) to slash prices and get more of its handheldcomputers into stores could force Handspring to cut p...

S1 (Nasdaq: SONE) climbed US$1.85 to $8.93in morning trading Wednesday, after the online banking software maker topped analyst estimates for the first quarter "Our revenue performance was driven by 72 new customerspurchasing a good cross-section of our enterprise e-finance offerings,"S1 chief executive officer Jaime Ellertson said. "Our two most im...

Nextel (Nasdaq: NXTL) picked up 21 U.S. cents to $16.46 in morning trading Tuesday, after the wireless communications company reported a narrower loss for the first quarter and announced plans to cut 5 percent of its workforce The job cuts, which will affect U.S. workers, are aimed at cutting operating costs and improving operating cash flow, the c...

Priceline.com (Nasdaq: PCLN) climbedUS$1.16 to $6.01 in morning trading Tuesday, after Goldman Sachs upgraded thestock to market outperform from market perform, saying management hasstreamlined operations and positioned the company for a turnaround Priceline's first-quarter results, due out after the close of trading Tuesday,could mark the company'...

Ariba (Nasdaq: ARBA) rose 56 U.S. centsto $8.29 in morning trading Tuesday, after the business-to-business (B2B)e-commerce software maker announced an expanded alliance with IBM (NYSE:IBM) Ariba also revealed a plan to collaborate with professional services companyPricewaterhouseCoopers (PwC) in the formation of online exchanges for common clients....