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Published: Fri, 21 Nov 2008 17:20:23 EST

Last Build Date: Fri, 21 Nov 2008 17:20:23 EST


Google a Smaller Fish in Mobile World

Fri, 21 Nov 2008 17:20:23 EST

SAN FRANCISCO -- In its quest for Internet domination, Google has proved itself the king, at least on the desktop.

But on mobile devices, the fight for the throne continues, and Google finds itself battling Microsoft for the crown.

Microsoft is reportedly in the final stages of negotiating a deal with Verizon to become the carrier's default search engine on all of its cell phones. Google has also been jockeying for a deal. ...

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Tech Winners & Losers: Intel

Thu, 13 Nov 2008 14:26:29 EST

Tech stocks were slightly red on Thursday, as the broader market rallied from new lows triggered by bleak unemployment data as well as a warning from Intel that its fourth-quarter sales will be down significantly.

The Nasdaq fell 2.3 points to 1497 in recent trading.

Late Wednesday, Intel cited weaker-than-expected demand for PCs , and slashed its fourth-quarter sales forecast to $9 billion, plus or minus $300 million. That's down from its previous estimate of $10.1 billion to $10.9 billion. ...

Tech Winners & Losers: JA Solar

Wed, 12 Nov 2008 15:10:40 EST

Tech stocks spent another day in the red, showing no signs of recovery after Treasury Secretary Henry Paulson cautioned on Wednesday that the financial system in the U.S. remains fragile.

The Nasdaq sank 58 points, or 3.7%, to 1523 in recent trading.

Shares of JA Solar tumbled 27.8% after the company issued fourth-quarter and full-year revenue forecasts that fell well short of analysts' expectations. ...

Are Google Shares Cheap at $300?

Wed, 12 Nov 2008 06:50:09 EST

SAN FRANCISCO -- Google's strength is no match for the economy's weakness.

The once-unshakeable Internet kingpin now sees its shares trading at a three-year low, undercut by recent analysts' reports that predict a slowdown in the fourth quarter exacerbated by continued erosion in consumer spending.

But with its stock now scraping the $300 level after plunging 15% in just the last five trading sessions, some value hunters see an attractive place to wait out the worst. ...

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Tech Winners & Losers: Google

Tue, 11 Nov 2008 14:30:42 EST

Tech stocks were getting trounced again on Tuesday, sinking with the rest of the market as fears among investors persist.

The Nasdaq lost 45 points, or 2.8%, to 1571 in recent trading.

Shares of Google slipped 3.3% to $308.13 after Goldman Sachs chopped its target price to $475 from $520 based on lower expectations for the fourth quarter. ...

Tech Winners & Losers: Nortel

Mon, 10 Nov 2008 14:05:17 EST

Tech stocks opened Monday morning with big gains, but by midafternoon, another downturn had taken over the market.

The Nasdaq slipped 29 points, or 1.8%, to 1618 in recent trading, coming off a high brought on by news of two separate economic stimulus packages in the U.S. and China.

Shares of Nortel plummeted 13.7% to $1.01 after the Canadian telecom posted a $3.4 billion loss in the third quarter. Revenue fell 14% to $2.32 billion. The company said it plans to cut 1,300 jobs. ...

Tech Winners & Losers: Yahoo!

Fri, 07 Nov 2008 14:51:29 EST

Tech stocks were back on the rise, recovering from a two-day slump despite bleak unemployment numbers released on Friday.

The Nasdaq gained 28 points, or 1.8%, to 1637 in recent trading.

Shares of Yahoo! took a deep plunge on news that Microsoft Chief Executive Steve Ballmer said he does not plan to make another bid for the company. ...

Tech Winners & Losers: Advanced Micro Devices

Thu, 06 Nov 2008 13:49:33 EST

Tech stocks continued their downward slide on Thursday along with the rest of the major indices, with no end in sight to the market volatility.

The Nasdaq shed 57 points, or 3.4%, to 1625 in recent trading.

Shares of Advanced Micro Devices were tumbling on Thursday despite the chipmaker's announcement a day earlier to slash 500 jobs, or 3% of its workforce, in an effort to return it to profitability. That was not enough to appease investors, who drove down the stock by 11.6% to $3.14. ...

Yahoo! CEO Ready to Resume Microsoft Talks

Thu, 06 Nov 2008 06:31:36 EST

Updated from Wednesday, Nov. 5

SAN FRANCISCO -- Google's decision to quit an online search ad deal with Yahoo! could open up another takeover attempt by Microsoft.

Yahoo! CEO Jerry Yang said late Wednesday he's ready to return to the bargaining table with Microsoft if Microsoft remains interested in buying the Internet company, the Associated Press reports. ...

Tech Winners & Losers: Yahoo!

Wed, 05 Nov 2008 16:27:48 EST

Tech stocks ended their weeklong rally, tumbling with the rest of the market, a day after voters elected Barack Obama as president to help navigate the country through an economic crisis.

The Nasdaq fell 98 points, or 5.5%, to close at 1682.

Yahoo! shares climbed 4.3% to $13.93 on speculation that Microsoft would make a new offer to take over the company. ...

Tech Winners & Losers: Intel

Tue, 04 Nov 2008 14:33:39 EST

Tech stocks shot higher Tuesday, along with the broader market, as voters poised to send a new president into office amid an economic downturn.

The Nasdaq tacked on 48 points, or 2.8%, to 1775 in recent trading.

Shares of Intel climbed 4.6% to $16.36 on news that its capital-management arm would begin selling nearly half of its stake in VMware. ...

Yahoo!, Google Revise Search Deal: Report

Mon, 03 Nov 2008 17:49:28 EST

SAN FRANCISCO - In an effort to salvage their online search deal, Yahoo! and Google have reportedly agreed to revise the terms in the hopes of bypassing any challenges from the U.S. Justice Department.

According to a report in the Wall Street Journal, the two companies submitted a new plan to the Justice Department over the weekend, in which they reduced the number of years they would engage in the search deal to two from 10.

They also agreed to limit the revenue Yahoo! can generate from the deal to 25% of its total search revenue. At the same time, Google advertisers will get to decide whether or not they want their ads to appear on Yahoo! sites. ...

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More Yahoo! Execs Head for the Door

Mon, 03 Nov 2008 15:28:48 EST

SAN FRANCISCO - The exodus at Yahoo! continues, with two more executives reportedly taking their leave.

Scott Moore, head of Yahoo!'s media business, and Al Warms, general manager of Yahoo! News, are both planning to announce their resignations, according to a report at, a Wall Street Journal affiliate.

Warms is expected to be replaced by Neeraj Khemlani, Yahoo! vice president of programming and development, the site said. ...

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Tech Winners & Losers: Sprint Nextel

Mon, 03 Nov 2008 14:41:39 EST

Tech stocks were on the rise on Monday, with much of the country's attention focused on the presidential election.

The Nasdaq gained 9 points, or 0.5%, to 1730 in recent trading.

Sprint Nextel shares rocketed 27.2% to $3.98 one day before the Federal Communications Commission is expected to approve the company's plan to spin off its WiMax wireless unit into a joint venture with Clearwire. ...

Tech Winners & Losers: Symantec

Thu, 30 Oct 2008 15:38:36 EDT

Tech stocks continued their climb on Thursday, helped by a narrower-than-expected decline in the GDP in the third quarter, which boosted the rest of the market.

The Nasdaq rose 35 points, or 2.1%, to 1693 in recent trading.

Shares of Symantec plunged 16% to $12.45 one day after the company posted a second-quarter earnings beat but fell well short of third-quarter revenue expectations. ...