Morning stock check: SanDisk up, BEA down

Silicon Valley stalwarts SanDisk Corporation (SNDK), Network Appliance, Inc. (NTAP) and McAfee, Inc. (MFE) are leading early morning trading today, with increases of more than 3.5 percent each.

On the other end of the spectrum, Franklin Resources, Inc. (BEN) was down almost 7 percent, and BEA Systems, Inc. (BEAS) had dropped just more than 4 percent. According to Reuters, BEA stocks fell as the deadline for an agreement with Oracle Corporation (ORCL) stalled after Oracle rejected BEA's asking share price of $21.

BEA Systems lead trading volume, moving 19.73 million shares, narrowly topping the 19.43 million transferred by the Intel Corporation (INTC). Approximately 15.5 million Yahoo! Inc. (YHOO) shares also changed hands.

Reuters also reported that security giant McAfee Inc. announced that its third-quarter profits were double those of a year ago, thanks to continued demand from consumers and corporations.

Symantec Corporation (SYMC), another security software manufacturer, had its largest drops in nine months according to Bloomberg.com.

The Dow Jones Industrial Average was up 0.5 percent Friday, and the Nasdaq Composite was up more than 1.5 percent. The Standard & Poor's 500 also rose, nearly 0.85 percent.

Just Posted

Market Street is only the beginning of drive to clear city streets of cars

Car-free streets won’t stop at Market. At least, that’s the intent of… Continue reading

SF approves plans for a car-free Market Street

San Francisco will soon kick cars off one of its busiest thoroughfares… Continue reading

Black officials call out NAACP head for partisan politics

Conflicts reach a head after Rev. Amos Brown calls supervisors ‘racist’ for resisting Mayor Breed

Fire burning after explosion at energy facility in Contra Costa County

I-80 closed in both directions between state Highway 4 and Carquinez Bridge

Dueling behavioral health plans headed for March 2020 ballot as city leaders spar over reform plans

Update 5:10 p.m.: Mayor London Breed filed paperwork Tuesday that would place… Continue reading

Most Read