EdgeWater 11/11/2010 11:20:10 PM
News / Business

Major Tech Stock Movers (ATML, ALU, SWKS)

Major Tech Stock Movers

Atmel Corporation (NASDAQ:ATML) added 0.30% to $10.17 after the maker of computer chips used in home appliances last week reported third-quarter sales that topped Wall Street’s expectations.

The stock went up more than 120% year-to-date.

Alcatel-Lucent (ADR) (NYSE:ALU) jumped 1.62% to $3.14. In the three months to Sept. 30, Alcatel-Lucent last week said that it earned 25 million euros ($35 million), or 1 European cents a share, boosted by an exceptional gain linked to a change in retirement benefits of €18 million. In the year-earlier quarter the company recorded a loss of €182 million, or 12 cents a share.

The firm reaffirmed its full-year outlook for an adjusted operating margin of between 1% and 5% and said it anticipates a “significant sequential increase” in revenue in the fourth quarter. 

Over the past 52-week, the stock had traded within the range of $2.25-$3.97. At today`s closing market price, the market capitalization of the company stood at $7.10 billion.

Skyworks Solutions, Inc. (NASDAQ:SWKS) closed at $23.80. For the July-Sept quarter, Skyworks last week said that it earned $46.8 million, or 25 cents a share, compared with $58.3 million, or 33 cents a share, a year ago.

Excluding items, it earned 43 cents a share, above analysts' view of 40 cents a share.

Analysts were looking for earnings of 41 cents a share, before items, on revenue of $326.9 million, according to Thomson Reuters.

Over the past 52-week, the stock had traded within the range of $11.85-$24.68.

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