Wednesday, February 04, 2009
Fwd: Tech Daily: Weakness drags down sector at market close
Tech Stocks: Weakness drags down sector at market close
2/4/2009 4:32 PM ET
Technology stocks put in a mildly disappointing performance as gains from
video-game publisher Electronic Arts Inc. and networking-equipment giant Cisco
Systems Inc. are partially outweighed by weakness throughout the sector.
-----------------------------------------------------------------
Cisco earnings fall as forecast disappoints Wall Street
2/4/2009 5:36 PM ET
Cisco Systems Inc. reported a 27% drop in fiscal second-quarter profit, better
than what Wall Street had anticipated. The shares fell in after-hours trading
on a disappointing forecast.
-----------------------------------------------------------------
House acts to delay digital TV transition until June
2/4/2009 5:35 PM ET
The House votes to put off until June this month's scheduled mandatory shift to
digital for U.S. TV broadcasters until June, a move likely to find support from
President Obama.
-----------------------------------------------------------------
THQ swings to big loss and plans to lay off 600 workers
2/4/2009 5:19 PM ET
THQ Inc. posts a big net loss for the third fiscal quarter as video game sales
fell and the company was forced to take big charges for the write-down of
certain assets.
-----------------------------------------------------------------
Google to AOL: We'd like our money back now
2/4/2009 4:42 PM ET
Google is pressing Time Warner to either refund its $1 billion investment or
spin it out as a public company.
-----------------------------------------------------------------
Time Warner reports $16 billion loss; outlook weak
2/4/2009 4:05 PM ET
Time Warner posts a fourth-quarter loss of $16 billion after writing down the
value of intangible assets held by the company's cable operations, AOL and Time
Inc. Quarterly revenue slips 3%.
-----------------------------------------------------------------
Analyst praises Oracle as it keeps buying during downturn
2/4/2009 2:08 PM ET
Shares of Oracle Corp. rise, as a Citigroup analyst praises the software
giant's stock as a "safe haven" amid the souring economy.
-----------------------------------------------------------------
Analysts hope for more clarity on tech with Cisco results
2/4/2009 1:19 PM ET
Cisco Systems is expected to post an 8% sales decline when it releases its
second-quarter results after the bell Wednesday -- and to shine a bit of light
on what has become a murky view of the technology arena.
-----------------------------------------------------------------
EA shares jump on cost-cutting plans, outlook
2/4/2009 12:39 PM ET
Electronic Arts Inc. shares jump as investors cheer cost-cutting plans, which
include the layoffs of 1,100 workers, as well as the company's outlook for the
next fiscal year.
-----------------------------------------------------------------
AT&T may buy $3 billion worth of Verizon assets: report
2/4/2009 10:40 AM ET
AT&T is reported to be one of the top bidders for $3 billion of wireless
spectrum that archrival Verizon must sell to comply with federal regulators as
part of its recent acquisition of Alltel.
-----------------------------------------------------------------
PCCW shareholders OK going private; regulators probe vote
2/4/2009 10:34 AM ET
Minority shareholders in PCCW Ltd. vote to accept investors' plan to privatize
Hong Kong's top fixed-line telecommunications firm, as regulators reportedly
launched a probe into the deal.
-----------------------------------------------------------------
Shares of Rambus plunge on federal court decision
2/4/2009 10:09 AM ET
Shares of Rambus Inc. plunge more than 10% Wednesday morning after a federal
court suspends proceedings in the company's patent-infringement cases against
several chip makers.
-----------------------------------------------------------------
Alcatel-Lucent posts 3.89B euro loss as it takes hefty charge
2/4/2009 8:29 AM ET
Alcatel-Lucent SA, the world's largest maker of telecoms equipment, on
Wednesday says its fourth-quarter loss widened significantly as it wrote down
the value of assets by 3.9 billion euros ($ 5 billion), but a
better-than-expected underlying performance helps the shares.
-----------------------------------------------------------------
Economic Report: Layoff announcements surge to highest level in seven years
2/4/2009 8:03 AM ET
Major U.S. retailers slashed their payrolls in January, helping to push the
total number of corporate announced layoffs in the month to the most in seven
years, according to the latest monthly tally compiled by Challenger Gray &
Christmas.
-----------------------------------------------------------------
Israel Stocks: Israel stocks up; banks in view as UBS cuts Leumi
2/4/2009 7:09 AM ET
Israel stocks on Wednesday rose broadly and sharply for a second day, with
investors again focusing attention on the banks and driving them higher in the
face of some tough analyst remarks.
-----------------------------------------------------------------
Japan's Elpida may apply for public funds: reports
2/3/2009 10:33 PM ET
Japan's Elpida Memory Inc. is considering seeking public funds under a
government program designed to help non-financial companies during the global
economic crisis, according to media reports Tuesday.
-----------------------------------------------------------------
Electronic Arts to lay off 1,100 as net losses grow
2/3/2009 6:44 PM ET
Electronic Arts Inc. said Tuesday that net losses slid deeper in its third
fiscal quarter as video game sales for the crucial holiday period came in below
expectations.
-----------------------------------------------------------------
Cisco shares rise on upgrade
2/3/2009 5:08 PM ET
Shares of Cisco finish higher after an analyst upgrades the tech giant to a buy
rating, citing the company's ongoing bid to cut expenses in a time of slowing
demand.
