Nvidia, Qualcomm lead broad gains at close

Date: Fri, 07 Nov 2008 18:00:10 -0500
Tech Stocks: Nvidia, Qualcomm lead broad gains at close

Technology stocks finish higher, with Qualcomm Inc. and Nvidia Corp.
leading aslate of advancers and pushing the sector to close out the
week on an upbeat note.

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AT&T to buy Centennial for $944 million

AT&T Inc. says it plans to buy regional wireless provider Centennial
Communications Corp. for $944 million in cash, in a bid to expand its coverage.

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Nvidia shares leap on sales outlook

Shares of Nvidia Corp. jump after the chip maker posts a huge drop in
profit, but issues a sales outlook that is not as bad as analysts
feared.

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Yahoo shares fall after Ballmer says no new Microsoft bid

Shares of Yahoo Inc. plunged Friday morning after a Microsoft Corp.
CEO Steve Ballmer was quoted in a media report saying the tech giant
was not interested in "revisiting a possible acquisition" of the
beleaguered Internet portal.

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John Dvorak's Second Opinion: Once-pioneering Motorola is a shadow of
its former self

Motorola is a shadow of itself; its last success, the Razr, might indeed be its
last anything, according to John Dvorak.

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Yahoo plays catch-up with offshore tax move

Yahoo is in the midst of implementing a tax structure that shifts
assets to overseas subsidiaries in order to enjoy the generally lower
tax rates there, according to Wall Street analysts briefed by the
company.

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Telecom Stocks: Most telecoms stocks gain; not Sprin

Sprint Nextel Corp. fell more than 12% after weak
quarterly results, but most telecommunications stocks moved higher in
Friday action, led by Qualcomm Inc. and Windstream Corp.

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Sprint posts loss as 1.3 million customers leave
Sprint Nextel swings to a loss in its third quarter after 1.3 million
wireless customers cancel service or switch to rival carriers.