seagate jumped almost 4%. it was able to raise prices for its disc drives in the last quarter, driving better than expected profits. western digital added 5%, trading just below a 52-week high. now, flooding earlier this year in thailand hurt disc drive supplies but allowed the companies to charge higher prices. genworth finanal is a li and mortgage insuran comny. due to losses with its mortgage business, it has been looking to sell off assets in order to raise capital. it had hoped to sell stock in its australian mortgage insurance business soon, but those plans are on hold until next year. investors sent shares down under, losing almost a quarter of their value. genworth was going to use some of the money from the australian i.p.o. to buy back shares here in the u.s., but analysts think that will be on hold. american express turned in better than expected results after the closing bell tonight. earnings were seven cents better than estimates amex carholdercontue spendi more moy. shares were down a fraction d

on to the winners, a surge in net profit for seagate and western digital got a lift as well.tly, the best performing stock on the nasdaq 100 today was intuitive surgical. its profit and revenue surpassed the beat. guys, back to you. >>> four big earning reports much like yesterday some tech names are under pressure. bertha coombs rounds up all of the action. bertha? >> this quarter says if you've got a stock that has been booming, it's got to be perfect, absolutely perfect. qualcomm not walking on water. it's sinking. it's off nearly 6%. its earnings beat on the bottom line at $1.01 a share. the company saying it's going to increase its operating expenses to try to facilitate a supply as it tries to grow more 4g and 3g. meantime, another casualty after hours, it is third quarter guidance is a bit lower than estimates and the stock is off about 4% here after hours. vmware, topping estimates by 6 cents. 60 cents on the bottom line. that's where the growth is and continues to dominate when it comes to the top line and it is up about 1.5%. it's guiding the next quarter estimates

fair thought it was a really innovative idea and wanted to, obviously, they rewarded him with the seagateg star award. it's the highest science honor a middle school student can get. for him, it's about more than an award. >> it's real-life application. so it can be used to actually help people. >> reporter: brianna long, abc news. >> t.j., i took it upon myself to develop a little helmet for you as well. i designed this for you. what do you think? >> wow. i look like 20,000 leagues under the sea there. >> it does a lot of fancy things. just give it a shot before you -- the sea there. >> it does a lot of fancy things. just give it a shot before you -- attention - americans living with limited mobility. what do you do when you can no longer get around like you used to? when you fear losing your independence? who do you call? call hoveround now, to see if you qualify for america's premier power chair. hi, i'm tom kruse, inventor and founder of hoveround. now you can do more, see more, enjoy life more. here's why hoveround makes it easier than any other power chair. hoveround is more maneuve

seagate beat on the top and bottom line. very good indicator of pc prices here.hat stock is flat in the after-hours. coal may be slumping but the good news is high-tech diesel prices. manufacturing helping out. bill and michelle, back to you. >>> lending is an example of bancorp first quarter earnings. total loans rose by 6.4%. loan loss provisions went down, 36% from a year ago. and net chargeoffs declined by 29%. all contributing to a 28% increase in quarterly profits. joining us in a cnbc exclusive is richard davis. why are you able to lend more money? >> because people are ready to take it. there's a great opportunity here of pent-up demand and america's consumers and businesses are coming back slowly but surely to this recovery. if you think about it, banks get paid on loans outstanding but the lines of credit are extended and asking for more aville built of credit is quite remarkable. what you see above the top line is good news but below it is even better. so we're looking forward to optimism. >> were you saying this one year ago? when did this change happ

seagate and nasdaq on track for the best gain in nearly three weeks with a gain of 1 and a third percentand we're focusing on one of the big gorillas there, google's earnings will be out at the top of the hour. jon fortf joins us with a preview. jon? >> they are looking at revenue at 8.1, this is the first quarter. it's going to be a lot slower than the holiday quarter which topped $10 billion. one of the things that people are going to pay close attention to, those numbers were down last quarter. a lot of attention will be paid to that. in the long term, it's the motorola mobility action that is going to matter. any color around that will also get a lot of attention. bill? >> jon, thank you very much. >> maria? >> i'm coming to you today live from the credit suisse trading floor. i'm joined right now by one analyst who says, based on price to earnings ratio, google's stock is still cheap. let's talk about that bullish call with spencer wang. spencer, good to have you on the program. >> thank you for having me. >> we're seeing google report earnings after the bell. the company has seen r

seagate moving in sympathy to that news.s lowered its guidance, ousted its chairman and three board resignations. sue, back to you. >> thank you very much, seema. let's find out how the bond market's taking a weak read on the economy and how they're positioning for the weekend. rick santelli's at the cme. >> hi, sue. if you look at a 24-hour chart of 10-year note yields, at 2:00 in the morning we're under a 1.90 yield. we haven't closed under 1.90 since the first few days of february. the data even though we're higher in yield, the soft gdp da da ta seems to be more of a balancing act. we're unchanged on the day in 10s and a couple basis points down on the week mostly due to weaker data. if you look at a dollar index on a 24-hour chart, you can see it's clearly lower. even though ben bernanke might not have wanted to send the qe message, bob's right. that's the reason it's down. it's battling. the japanese are actively doing more qe and yet they're rallying against the dollar f. you look at the pound, they're in recession an

look at western digital, seagate, e many, c, the performance in the last six months, this name hasn'tall. maybe it's about time. the april 42 calls getting activity early. the stock continues to underperform. wonder luck did raise price target. keep an eye on that name. >> let's expand and talk again about technology. this amazing 14-week winning streak looks like it's going to be snapped this week. names that have worked, hewlett packard had a good week, microsoft, some of these old technology names have really come back into favor of late. what happens from here forward? >> i still believe in this big cap tech. i look at ibm, intel, texas instruments, you go down the list. these names all pay a great dividend. they trade at great valuations and they continue to feed into what everybody expects us to continue to be strong, which is smartphones and everything apple. >> doc? >> seven trading days ahead of apple, by the way, judge, so that mean ifs you do see this thing pierce, if apple did pierce 600 and trades down to the 590ish level which is the next area of support, i think it criu

>>henry: seagate is a traditional should carry.the surface and a very traditional taste. >>henry: i did not realize that these were so beautiful. >> beautiful. >> magnum. >> take a look. and almost like eigh--a mango or fine wine it is the peak season. >> choosing them correctly. and picking them in their red, ripe state. >>henry: this is this flying disc ranch award winning citrus and even takes dates and heirloom dates. this is the female blossom after pollination. this is hundreds and thousands of blossoms. >> that is decorative. >> what you do is promote this pollination? >> correct. >> we will start to extract the pollen. >> you are not going to find these and other places. and snow peas. you can see these are so fresh. and finally, these are cherimoya it is a non-deciduous tree that does not use its tree. we grow these in ventura in avocado country and you do not eat the skin and spit out the seeds tuesday-thursday, and a saturday. and they have some fabulous produce. we will take a break. gabe slate's tech report coming up ♪

i stay the other side on seagate. am going right now with what some of the detractors are saying which is this may not last great quarter. i know steve will come after me for that but j.p. morgan is saying margins are peaking. relate this to intel and say that intel had graf toss when they said part of the problem is everybody doesn't have as many disk drives to make as many p.c.s and i like the data storage play. i think we know that's a facebook play, and i believe the company when they say gross margins will go from 62 to 64. as long as i have been following intel and for a long time, of 4 is the holy grail where you can explode earnings. i am not going to be drawn into the goldman sachs orb of negativity when i think it could be a trough quarter and two and three will be better. >> the orb of negativity, sounds like something out of "star wars." >> i am not going to use coviello as my semiconductor guy and that's different from different walks of life. >> the on going saga regarding roche and a alumina, deciding n

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