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The Best And Worst Technology Company Stocks In The First Half Of 2018

Twenty-eight of the 44 technology companies on our watch list recorded gains in the price of their publicly traded shares in the first half of 2018. Take a look at who were the winners and who were the losers.

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Lenovo Group

CEO: Yang Yuanqing

Dec. 29, 2017 Close: $11.24

June 29, 2018 Close: $10.82

Change: -3.78%

In January Lenovo hired longtime AMD executive Matthew Zielinski as its North America president, effective Feb. 12.

Lenovo, which had been experiencing declining PC sales in the U.S. market in recent years, reversed that trend in this year's second quarter as the vendor reported sales growth stronger than rivals HP Inc. and Dell and gained market share in the U.S. PC market, according to a Gartner report.

For its fiscal 2019 first quarter (ended June 30), Lenovo reported revenue of $11.91 billion, up 19 percent from $10.01 billion in the first quarter of fiscal 2018. Net income for the quarter was $77 million compared with a $72 million loss one year earlier.

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Verizon Communications

CEO: Hans Vestberg

Dec. 29, 2017 Close: $52.93

June 29, 2018 Close: $50.31

Change: -4.95%

In June Verizon announced the retirement of CEO Lowell McAdam and the appointment of chief technology officer Hans Vestberg as his successor, effective Aug. 1.

In February Verizon closed its $3.1 billion acquisition of wireless spectrum holder Straight Path Communications.

For the first half of 2018, Verizon reported operating revenue of $63.98 billion, up 6 percent from $60.36 billion in the first half of 2017. Net income for the first half of the year was $8.91 billion, up 11 percent from $8.03 billion one year before.

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Eaton

CEO: Craig Arnold

Dec. 29, 2017 Close: $79.01

June 29, 2018 Close: $74.74

Change: -5.40%

For the first six months of 2018, Eaton reported sales of $10.74 billion, up 7.6 percent from $9.98 billion in the first six months of 2017. Net income for the first six months of 2017 was $1.10 billion, up nearly 16 percent from $950 million in the same period in 2017.

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Check Point Software Technologies

CEO: Gil Shwed

Dec. 29, 2017 Close: $103.62

June 29, 2018 Close: $97.68

Change: -5.73%

For the first six months of 2018, security software developer Check Point reported revenue of $920.1 million, up 3 percent from $894.0 million in the first six months of 2017. Net income for the period was $384.8 million, up nearly 4 percent from $370.9 million in the same period one year ago.

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Oracle

Co-CEOs: Safra Catz and Mark Hurd

Dec. 29, 2017 Close: $47.28

June 29, 2018 Close: $44.03

Change: -6.87%

On March 27 Oracle won the latest round in a lengthy legal battle over Google's use of Java APIs in the Android mobile operating system. The case now goes back to a lower court to determine how much Google must pay Oracle. Oracle has sought as much as $9 billion in damages in the suit it filed in 2010.

An IDC report issued in April concluded that Oracle gained the most market share among enterprise Software-as-a-Service vendors in both 2016 and 2017, and that Oracle grew the fastest out of the top 10 Platform-as-a-Service vendors in those years.

For its fiscal 2018 (ended May 31), Oracle reported revenue of $39.83 billion, up 6 percent from $37.73 billion in fiscal 2017. But net income for the year was $3.83 billion, down 59 percent from $9.34 billion in fiscal 2017.

 
 
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