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Biggest Technology Stocks Losers were ERTS, ALU, PRKR : by Penny Stock Pick Alert

Todays Biggest Technology Stocks Losers were Electronic Arts , Alcatel-Lucent and Parker Vision as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 11, 2009 ) Dallas, TX- Electronic Arts Inc. (NASDAQ:ERTS) decreased 6.35% to $18.29 after the company reported a second quarter net loss of $1.21 per share, compared to the 97 cent loss reported in the year-ago quarter. The majority of the cost cutting moves are expected to be executed by March 31, 2010, saving the company an estimated $100 million annually. Adjusted second quarter earnings for EA were 6 cents per share, missing the analyst estimate of 1 cent. Company revenue was $1.15 billion, slightly ahead of the consensus of $1.12 billion. EA announced the acquisition of Playfish Limited, a leading social games company for approximately $275 million.

Alcatel-Lucent (ADR) (NYSE:ALU) plunged 8.08% to close at $3.64 on over 28.32 million shares. The stock hit an intraday high and an intraday low of $3.82 and $3.62 respectively. In the last six months the stock went up over 40%. Alcatel Lucent provides product offerings that enable service providers, enterprises and governments worldwide, to deliver voice, data and video communication services to end users.

ParkerVision, Inc. (NASDAQ:PRKR) declined 29.80% to $1.79 as the company ‎yesterday reported a third-quarter net loss of $5.7 million or $0.17 per share, compared to a net loss of $6.6 million or $0.25 per share in the year ago quarter. For the nine month period ended September 30, 2009, ParkerVision reported a net loss of $16.6 million, or $0.53 per share compared with a net loss of $17.3 million, or $ 0.66 per share in the first nine months of 2008.

ABOUT http://www.PennyStockPickalert.com
Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.

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