Technology stocks took a hit last Friday when the market pulled back near the end of the day. Skyworks Solutions (NASDAQ: SWKS) was down almost 3% while rival Triquint (NASDAQ: TQNT) fell 2.7%. These stocks are off their lows from the crisis in Japan, yet uncertainty still shrowds these tech names. They may not be able to rally until the smoke has cleared and news from tablet makers such as Apple (NASDAQ: AAPL) demystify the situation.
Content delivery networks Akamai (NASDAQ: AKAM) and Limelight Networks (NASADQ: LLNW) have also been trailing lately as the cost per bit has been decreasing. While internet traffic continues to increase globally however, these companies battle it out to control as much internet traffic as possible.
Akamai has been stuck around the $38 level for quite sometime. Limelight Networks on the other hand has managed to rally from it's $6 recent lows. The company did a share offering last month which knocked the price of the stock down. However with the new financing available to the company, investors have once again gained interest in the stock. Limelight closed Friday at $7.16 per share.
No comments:
Post a Comment