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Day April 15, 2009

Entries 3 Total

3PAR : Seventh Fastest Growing Public Company in Silicon Valley

Apr 15, ’09 10:11 PM

Good news for 3PAR

Source : http://finance.yahoo.com/news/San-Jose-Mercury-News-Cites-iw-14930015.html

FREMONT, CA–(MARKET WIRE)–Apr 15, 2009 — 3PAR® (NYSE:PAR – News), the leading global provider of utility storage, was cited as the seventh fastest growing public company in Silicon Valley in 2008, according to the Silicon Valley 150 list compiled annually by the San Jose Mercury News. 3PAR debuts on the Silicon Valley 150 with a ranking of 122 and 83% growth in 2008 — a year during which one-third of the companies on the list actually saw sales fall.

“Even in a challenging IT climate in which the Silicon Valley 150 companies grew collectively at a mere 5.2 percent, 3PAR continued to win over brand-name customers with our innovative, cost-saving, and energy-saving utility storage technology,” said David Scott, CEO of 3PAR.

The Silicon Valley 150 ranks public companies headquartered in Santa Clara, Santa Cruz, southern San Mateo, and southern Alameda counties on the basis of worldwide revenues (“Sales”) for the most recent available four quarters as of March 31. Most results are for the four quarters ended on or near Dec. 31, 2008.

To view the full article: http://www.mercurynews.com/sv150/

Interesting enough. In the same report, PALM was listed among the TOP 10 for Biggest Percentage Drop and SUN Microsystems (JAVA) is among the TOP 10 for Biggest Dollar Drop.

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EMC : Kumo resistance on Weekly Chart

Apr 15, ’09 5:18 PM

Here’s a fine example of a bullish daily chart only to be stop by the mighty kumo on the Weekly Chart.

 

On the daily chart, we see that Chikou Span has break through the kumo and there aren’t any resistant ahead.

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But, a closer look at the Weekly Chart, we can see that it hit straight into a fairly thick kumo and there is a high chance that EMC will turn.

Again the kumo suggest that price is stabilizing within a trading range. There is no clear uptrend signal on the Weekly Chart at this moment.

 

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A reminder to self. Use the Weekly Chart to have a gut feel of how much an ‘uptrend’ on the Daily Chart can rise. Whenever, there is a thick kumo on the Weekly Chart, I will only nibble a little bit of stocks, or use options like IronCondor or Spread positions. 

The aim is to have a small position to get a more focused feel of the counter without commiting too much. Risk management continues to be the most important area that I need to work on.

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RightNow Technologies (RNOW) : A Daily Chart Review

Apr 15, ’09 12:29 PM

Yesterday, I touch on RNOW’s move into securing government contracts and how its deal with the DoD lay the foundation for it to make in-roads to secure contracts of such nature.

Here’s a quick overview of RNOW on the daily chart:

  1. We can see that the kumo is flattening out. A suggestion that that RNOW has been trading in a ‘fixed’ range and at this moment, there is no catalyst for it to fly.
  2. Chikou Span may break through the kumo, and when it does break through, it may signal a bullish trend.
  3. However, we need to take a look at its low trading volume. This represent some form of risk. With such volume, any price movement without significant increase in volume could mean that RNOW may be moving up with the broader market in a rally.
  4. What I would like to see is more contract wins and since this is the earnings season, we should take a look at how its cashflow and revenue growth is standing.

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Thinking out loud. Are there any direct competitors for RNOW? Who are they?

Salesforce.com (CRM) is in the same ‘segment’, however, I believe  both offers solutions for different needs.

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