Rackspace Hosting, Inc. (RAX), TiVo Inc. (TIVO): Why My Investment Strategy Is Failing

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Notable newsmakers
Among the other tech stocks making news last week:

  • TiVo Inc. (NASDAQ:TIVO) fell 19% after announcing a deal to retire outstanding litigation with Google and Cisco, among others. The $500 million payment was less than investors had expected, and it comes at a time when TiVo Inc. (NASDAQ:TIVO)’s own product development efforts are failing to break new ground.
  • Zynga Inc (NASDAQ:ZNGA) investors suffered a 14% haircut when the company announced a plan to cut 18% of its workforce, proving that efforts to diversity beyond Facebook haven’t yet taken hold. In the U.S., Zynga Inc (NASDAQ:ZNGA) remains essentially an all-or-nothing bet on the continued success of the FarmVille franchise.
  • Finally, shares of Palo Alto Networks Inc (NYSE:PANW) fell after the company released weaker-than-expected guidance. Management expects $0.06 a share in adjusted profits on $100 million to $106 million in revenue in the current quarter. Wall Street had been hoping for $0.07 and $113.7 million, respectively, from the cloud security specialist.

And then, when you’re done let us know what else caught your eye in the world of tech this week. Has your investment strategy changed recently? Please weigh in using the comments box below.

The article Why My Investment Strategy Is Failing originally appeared on Fool.com is written by Tim Beyers.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Apple, Google, IBM, Rackspace Hosting, Riverbed Technology, and Salesforce.com at the time of publication. Check out Tim’s Web home and portfolio holdings, or connect with him on Google+Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool recommends Apple, Google, Rackspace Hosting, Riverbed Technology, and salesforce.com and owns shares of Apple, Google, and Riverbed Technology.

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