Why MICROS Systems and PLX Technology are Soaring

Shares of MICROS Systems and PLX Technology are up notably. Microsoft is defying the Dow Jones' sell-off.

Jun 23, 2014 at 11:30AM

The Dow Jones Industrial Average (DJINDICES:^DJI) had fallen 39 points as of 11:30 a.m. EDT. Microsoft (NASDAQ:MSFT) was one of few Dow Jones components in the green, while fellow tech stocks MICROS Systems (NASDAQ:MCRS) and PLX Technology (NASDAQ:PLXT) also posted notable moves to the upside.

Dow slumps despite economic data
The sell-off in the Dow Jones came despite some better-than-expected economic data. 

According to the National Association of Realtors, existing-home sales rose 4.9% in May to a seasonally adjusted annual rate of 4.89 million, handily beating the 2.2% increase that economists had expected. The strength of the U.S. housing market is widely seen as a measure of economic strength. Increasing home sales suggest the labor market is improving -- a good sign for the U.S. economy and, by extension, the stock market.


Source: Wikimedia Commons.

Microsoft defies Dow sell-off
Microsoft shares rose 0.2% early in the session. But there wasn't much news to explain Microsoft's rise. 

Late last week, Microsoft's Surface Pro 3 went on sale to the public. The third version of the Surface tablet is, in many ways, the perfection of Microsoft's original vision -- one device that doubles as both a laptop and a tablet. Reviews of the device have been mixed. While most agree that the Surface Pro 3 is the best Surface system yet released, there is still some skepticism that a tablet can truly replace a laptop.

Avago acquires PLX Tech
PLX Tech shares rose more than 9% early on Monday after Avago announced that it would acquire the company for about $300 million in cash. The deal values PLX Tech shares at about $6.50.

PLX Tech develops PCI Express technology, an interface commonly used in traditional PCs. Avago likewise specializes in tech components, and the combined company will have a larger portfolio of products to offer in the space.

Oracle buys MICROS
MICROS shares rose more than 3.4% early on Monday after Oracle announced that it would acquire the company for $5.3 billion in cash. MICROS develops software used in restaurants and other hospitality businesses, powering the terminals that servers use to input customer orders. Oracle's offer values MICROS shares at $68.

Cantor Fitzgerald reacted positively to the news, saying the deal opened up a healthy opportunity for Oracle in the food and beverage space. Cantor maintained its buy rating on Oracle with a $50 price target.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Sam Mattera has no position in any stocks mentioned. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.


Compare Brokers