From: Investor's Business Daily<ibd@ibd1.investors.com>
To: david@coronariversidehomes.com
Received: Thursday, May 21, 2009 03:22 AM
IBD Tech Report Newsletter
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In some ways we see a leveling off. But I can't be myopic to the view that certain big things might happen this summer. If GM goes into bankruptcy, for example, those types of events have derivative effects.
Shares of NetEase.com fell 5.2% on Wednesday after the Chinese online company reported sales that lagged views and failed to provide details of a recent, potentially blockbuster, games contract.
Shares of the maker of data storage equipment fell 2.4% in after-hours trading after it said it would buy rival computer storage firm Data Domain (DDUP) for $1.5 bil, or $25 a share. NetApp (NTAP) said the acquisition would help its distribution and int'l reach. NetApp also said Q4 EPS fell 18% to 31 cents ex items, above views for 23 cents, on sales of $880 mil, below views. It said it couldn't give an outlook because of the weak economy. Data Domain surged 35% to 24.28 in late trading.
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