Friday, October 31, 2008
Tech Daily: Chip stocks power tech sector; Sun, EA sell heavy on reports
Tech Stocks: Chip stocks power tech sector; Sun, EA sell heavy on reports
Technology stocks close with mostly strong gains, led by a sharp
upswing from the semiconductor equipment sector that is partially
offset by sharp sell-offs at firms such as Sun Microsystems and
Electronic Arts.
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EA shares fall as video-game maker cuts earnings outlook
Electronic Arts' shares plunge to their lowest level in seven years
after the video-game publisher scales back its earnings forecast for
the fiscalyear and outlines plans to lay off workers in an effort to
cut costs.
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Sun Micro shares fall as Wall Street sees cloudy outlook
Shares of Sun Microsystems slid on Friday after the high-tech giant
posted a large quarterly loss and said it continued to see weakness
across several markets.
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McAfee shares surge on results, outlook
Shares of McAfee Inc. jump more than 16%, one day after the security
software company posts third-quarter results that beat estimates and
issues better-than-expected guidance for the current period.
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London Markets: British shares extend winning streak as miners climb
London's FTSE 100 closes firmly higher for the market's
fourth-straight winning session, as a month of turmoil ends with the
biggest weekly gain in more than 20 years.
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Telecom Stocks: Smaller telecoms lead as sector gains
Telecommunications stocks mostly rose in Monday
trades, led by smaller companies such as Windstream Corp. and Ciena Corp.
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Europe Markets: Europe shares extend win streak to four; BT, L'Oreal warn
European shares closed higher Friday extending this week's winning
streak to four, although the move couldn't save the Stoxx 600 from a
dire monthly. performance.
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BT shares sink after group warns on second-quarter profit
Shares of BT Group Plc fell 19% Friday after the U.K.'s largest
telecommunications company warned that second-quarter profit would miss
expectations and lowered its outlook for the year.
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Google, Yahoo may walk from ad deal - WSJ
Google Inc. and Yahoo Inc. may walk away from their proposed Internet search
advertising partnership as soon as next week, according to a published report.
