BRCD, SMI, ICGE were Biggest Technology Losers : by Penny Stock Pick Alert
Penny Stock Pick Alert reports that today Brocade Communications Systems, Semiconductor Manufacturing Int'l and Internet Capital Group were Biggest Technology stocks Losers.
(EMAILWIRE.COM, November 13, 2009 ) Dallas, TX - Brocade Communications Systems, Inc. (NASDAQ:BRCD) declined 12.65% to $8.08 on 93.87 million shares after Lazard downgraded the company from Buy to Hold. Brocade Communications Systems, Inc. is a supplier of data center networking solutions that help enterprises connect and manage their information. The Company offers a line of data center networking hardware, software products and services.
Semiconductor Manufacturing Int'l (ADR) (NYSE:SMI) decreased 4.64% to $3.70 on 1.68 million shares after the company on Nov, 10, 2009 announced that its strategic manufacturing partner, SMI Manufacturing, has agreed to invest $10 million into HealthSport. The investment is expected to accelerate HealthSport’s growth and strengthen its alliances with large pharmaceutical companies to provide the next generation drug delivery technology.
Internet Capital Group, Inc. (NASDAQ:ICGE) plunged 5.53% to $7 on 353K shares. The stock hit an intraday high and an intraday low of $7.40 and $6.80 respectively. In the last six months the stock went up over 31%. Internet Capital Group, Inc. is focused on acquiring and building Internet software and services companies. During the year ended December 31, 2008, the Company hold ownership interests in 14 companies that are considered to be the partner companies.
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Semiconductor Manufacturing Int'l (ADR) (NYSE:SMI) decreased 4.64% to $3.70 on 1.68 million shares after the company on Nov, 10, 2009 announced that its strategic manufacturing partner, SMI Manufacturing, has agreed to invest $10 million into HealthSport. The investment is expected to accelerate HealthSport’s growth and strengthen its alliances with large pharmaceutical companies to provide the next generation drug delivery technology.
Internet Capital Group, Inc. (NASDAQ:ICGE) plunged 5.53% to $7 on 353K shares. The stock hit an intraday high and an intraday low of $7.40 and $6.80 respectively. In the last six months the stock went up over 31%. Internet Capital Group, Inc. is focused on acquiring and building Internet software and services companies. During the year ended December 31, 2008, the Company hold ownership interests in 14 companies that are considered to be the partner companies.
ABOUT http://www.PennyStockPickReport.com
Penny Stock Pick Report is one of the leading stock web site which provides free stock news alerts and newsletter. We also track small cap penny stocks, daily penny stocks to watch that could be on the brink of a massive breakout. You can contact us if you wish to get your company featured on our website .
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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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