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HolidayBuyer's Guide
Tech Industry

Digital sees earnings estimate cut

Digital's expected earnings get downgraded; Intelligroup and Informix see their ratings boosted.

Digital's earnings cut
Digital Equipment (DEC) had its fourth-quarter earnings estimate cut by Goldman Sachs analyst Laura Conigliaro to 77 cents a share, from 91 cents a share.

The maker of networked platforms and applications, and semiconductor chips, saw its stock dip 1 point to trade as low as 32-3/4, down from Friday's close of 34-1/8.

Conigliaro said she cut the company's earning estimate "as a result of some comments the company made about foreign-currency impact" on earnings.

Intelligroup gets upped
Intelligroup (ITIG), an information technology consulting organization, was upgraded by Cowen & Company analyst Hugh Shytle to "strong buy" from "buy."

The company's stock was trading up almost five percent from Friday's close of 10-1/2.

Informix downgraded
Informix (IFMX) was downgraded by Cowen & Company analyst Drew Brosseau to a "buy," from a "strong buy."

The company's stock dipped 3/4 of a point, from Friday's close of 19.

Harbinger gets initial "buy"
Harbinger (HRBC), a provider of electronic commerce software and service, was picked up by Robertson, Stephens & Company analyst Cathy Baker with a "buy" rating.

The company's stock was trading up 1-3/8, from Friday's close of 22-1/2.