Tech Stocks In Spotlight (NVDA, ISLN, Apple Inc., BRCD)

NVIDIA Corporation (NASDAQ:NVDA) dropped 1.20% to $13.10. Last week, the company reported a third-quarter profit of $84.9 million, or 15 cents a share, compared with a profit of $107.6 million, or 19 cents a share, for the year-earlier period. Revenue was $843.9 million, down from $903.2 million.

Analysts had expected the chip maker to report earnings of 14 cents a share, on revenue of $843.6 million, according to a consensus survey by FactSet Research.

The company issued a better-than-expected sales forecast for the current quarter.

Isilon Systems, Inc. (NASDAQ:ISLN) soared 28.45% to $33.77 aftre it made its fresh 52-week high of $33.91. EMC Corporation announced the signing of a definitive agreement under which it will acquire Isilon Systems, Inc. Under terms of the agreement, EMC will pay USD33.85 per share in cash in exchange for each share of Isilon for an aggregate purchase price of approximately USD2.25 billion, net of Isilon's existing cash balance.

The transaction, which is subject to customary approvals, is expected to be completed late in 2010.

Apple Inc. (NASDAQ:AAPL) lost 0.32% to $307.04. So far in the last one year of trading sessions, the stock jumped over 50%. The stock has a 52-week range of $188.68-$321.30. 

The median Wall Street price target on the stock is $365 and the high target is set at $500 with majority of analysts have a Strong Buy rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $303.08 and $269.04 respectively.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) fell 0.88% to $5.61. Over the past 52-week, the stock traded within the range of $4.64-$8.42.