PMCS, UIS, MVIS were Top Losers from Technology Stocks
The Top Losers from Technology Sector were PMC-Sierra, Unisys Corporation, Microvision .
(EMAILWIRE.COM, October 24, 2009 ) Dallas, TX - PMC-Sierra, Inc. (NASDAQ:PMCS) corrected 7.25% to close at $8.57 on over 14.28 million shares after PMC-Sierra, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $132 to $140 million. The Company expects fiscal 2009 non-GAAP earnings per share to grow by approximately 11% over fiscal 2008. The Company reported EPS of $0.33 in fiscal 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $135 million for the fourth quarter of 2009; EPS of $0.46 for fiscal 2009.
Unisys Corporation (NYSE:UIS) was one of the most active losers in early trade as it plunges over 6.09% to $2.62 on huge volume of 4.81 million shares after Unisys Corporation today announced that the previously announced one-for-ten reverse split of its common stock will become effective as of 11:59 p.m. tonight and that Unisys shares will trade on a post-split basis beginning on Monday, October 26, 2009 when the market opens. The new CUSIP number for the company’s common stock will be 909214306.
Microvision, Inc. (NASDAQ:MVIS) fell 13.41% to close at $4.39 on huge volume of 1.81 million shares after The company yesterday reported an operating loss for the nine months ended September 30, 2009 of $27.9 million compared to $25.3 million for the same period in 2008 and$9.3 million, for the quarter ended September 30, 2009 compared to $9.0 million for the same period in 2008.
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Unisys Corporation (NYSE:UIS) was one of the most active losers in early trade as it plunges over 6.09% to $2.62 on huge volume of 4.81 million shares after Unisys Corporation today announced that the previously announced one-for-ten reverse split of its common stock will become effective as of 11:59 p.m. tonight and that Unisys shares will trade on a post-split basis beginning on Monday, October 26, 2009 when the market opens. The new CUSIP number for the company’s common stock will be 909214306.
Microvision, Inc. (NASDAQ:MVIS) fell 13.41% to close at $4.39 on huge volume of 1.81 million shares after The company yesterday reported an operating loss for the nine months ended September 30, 2009 of $27.9 million compared to $25.3 million for the same period in 2008 and$9.3 million, for the quarter ended September 30, 2009 compared to $9.0 million for the same period in 2008.
ABOUT http://www.PennyStockPickalert.com
The website alerts investors on Top Stocks that would help investors to generate higher than average returns. These include various types of stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our regular Stock pick Alerts helps investors to achieve incredible results in a short amount of time.
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PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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