The stock gapped higher this morning on the positive news, climbing more than 18 percent. The shares are now trading above former resistance at the 25 level and have moved substantially above its declining 20-week moving average. SRNA has not had a weekly close above this trendline since the week of January 26. Revenue rose 10 percent and earnings were helped by decreases in component prices. The company said it sees revenue for this quarter falling three to five percent, so the quarter's earnings will probably fall into the 15-17 cent range.
European business is soft.
This does not sound like the bottom has necessarily passed for DELL's personal computer business, which is what many investors had hoped to hear. INET operates a global electronic brokerage marketplace. The company offers equity trading, fixed income, research, and clearing and settlement services. The company seeks to increase clients' investment performance by providing access to global liquidity, enhanced efficiency, and reduced transaction costs. The company has also abandoned it plan to acquire Extended Systems.