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January 11, 2007

Market Close: Multi-year Year High For Nasdaq

Tech stocks were up across the board today. Hard to find many losers.

Gainers
+ Customer-service software maker Amdocs lowered its revenue guidance for 2007, saying business activity among its customers in the telecom industry will not occur at the pace it originally expected. The company said it now anticipates revenue in fiscal 2007 of $2.83B to $2.91B, compared to guidance it issued on Nov. 1 that called for revenue in the range of $2.89B to $2.97B.

+ Strong showing this holiday season led video-game publisher THQ (THQI) to incrase its sales and earnings forecast for the third fiscal quarter and full year 2007.

+ Shares of Indian out-sourcerInfosys (INFY) rose Thursday after beating Wall Street's third-quarter earnings and revenue forecasts. It was up to $55.98, + 3.25%

+ CDC (CHINA) rose 2% after the company backed its 2006 and 2007 revenue projections. The operator of China.com continues to estimate 2006 revenue of $303M to $307M.

Posted by Paul at January 11, 2007 08:33 PM

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