Dallas, TX 11/18/2009 2:31:38 AM
News / Business

IO, ZOOM, CNXT are Top Technology Stocks

Top Technology Stocks

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ION Geophysical Corporation (NYSE:IO) rallied 7.27% to $5.62 on a massive volume of 2.28 million shares.  The stock today also touched a new 52-week high at $5.72. ION Geophysical Corporation (ION), formerly Input/Output, Inc., is a technology-focused seismic solutions company that provides advanced seismic data acquisition equipment, seismic software, and seismic planning, processing, and interpretation services to the global energy industry.

 

Zoom Technologies, Inc. (NASDAQ:ZOOM)   notched up 22.18% to $9.75 on a huge volume of 978k shares.  The stock has a 52-week range of $0.30-$14.20.   The company upwardly revised its fiscal 2009 revenue guidance to between $185 and $195 million and net income to between $6.0 and $6.2 million, as compared to previous guidance of $145 and $155 million in revenue and $5.9 and $6.1 million in net income. The Company now expects fiscal 2010 net income to be in the range of $10.75 to $11.25 million on an adjusted basis, which is prior to deductions from non-cash equity based compensation charges.

 

Conexant Systems, Inc. (NASDAQ:CNXT) soared 7.59% to $2.41 on a huge volume of 758K shares. The stock has a 52-week range of $0.26-$3.95. Conexant Systems, Inc. designs, develops and sells semiconductor system solutions, consisting of semiconductor devices, software and reference designs, for imaging, video, audio, and modem applications.

 

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