Dallas, TX 11/11/2009 1:30:10 AM
News / Business

Biggest Technology Stocks Losers are ERTS, ALU, PRKR

Technology Stocks

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Electronic Arts Inc. (NASDAQ:ERTS) decreases 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) decreases 6.06% to $3.72 on over 6.83 million shares. The stock hit an intraday high and an intraday low of $3.82 and $3.71 respectively. In the last six months the stock went up over 43%. 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) decreases 24.71% to $1.92 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.

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