Ingram Micro (IM) today said its board has authorized a new one-year, $100 million stock repurchase program. That follows the completion of a $300 million buyback plan which stated in November 2007.
CEO Gregory Spierkel said in a statement that “repurchasing shares demonstrates the confidence we have in our company and [...]

Article courtesy of BARRONS.com: Tech Trader Daily

MEMC Electronic Materials (WFR) shares are getting a modest lift today from Wunderlich Securities analyst Theodore O’Neill, who raised his rating on the stock to Buy from Hold, “based on both valuation and our confidence in rising revenue in its core business.”
He notes that the stock came under pressure last [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Compellent Technologies (CML) shares are trading higher this morning after ThinkEquity analyst Rajeesh Ghai upped his rating on the stock to Buy from Hold. He also inched up his 2010 EPS estimate for the storage systems company to 36 cents, from 34 cents. For 2011, he expects profits to jump to 60 cents a share.

“Following our channel checks, which suggested strong upgrade activity within the installed base, healthy new customer wins, and a strong pipeline, our confidence in Compellant’s ability to sequentially grow throughout 2010 has been renewed,” he writes in a research note. “Our confidence has also been enhanced that the gross margin decline seen last quarter may be a single-quarter occurrence.”

CML this morning is up 57 cents, or 3.4%, to $17.56.

Article courtesy of BARRONS.com: Tech Trader Daily