Sector sinks on Cisco's weaker-than-expected outlook

Tech - NOVEMBER 06, 2008

Tech Stocks: Sector sinks on Cisco's weaker-than-expected outlook

Technology stocks tumble as Cisco Systems' weaker-than-expected
outlook pointed to rough days ahead for the sector.

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Nvidia reports 74% drop in quarterly profit

Nvidia Corp. posts a 74% drop in third-quarter profit, though the chip
maker exceeds Wall Street's revenue expectations.

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Activision shares jump on strong results, outlook

Shares of Activision rise despite the overall market sell-off after
the video game publisher reports strong results for the third quarter
and maintains a largely in-line forecast for the holiday period.

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Qualcomm earnings beat targets; forecast weighed down by economy

Qualcomm Inc. posts better-than-expected earnings for the fourth
quarter thanks to a 43% jump in revenue, driven in part by a new
royalty agreement with Nokia.

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After Hours: Blockbuster, Nvidia higher; Qualcomm, Disney sink

Blockbuster Inc. and Nvidia rise in late trading while shares of
Qualcomm Inc. and Walt Disney Co. are lower after their earnings fall
short of analysts' expectations.

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THQ takes hit as analysts downgrade stock on latest results

THQ Inc. saw its market value slashed Thursday as the video game
publisher reported disappointing results for the second fiscal quarter
and announced plans to lay off 250 workers in an effort to turn its
operations around.

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Cablevision shares fall despite swing to profit

Cablevision shares slide after the company's earnings per share falls
short of most analysts' estimates.

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Telecom Stocks: Ericsson, Alcatel-Lucent plunge as telecoms retreat

Continuing a months-long pattern, telecommunications
stocks sharply declined in Thursday trades along with the broader U.S.
market. Ericsson and Alcatel-Lucent led the pullback with double-digit
losses in percentage terms.

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MarketWatch First Take: Glass half empty for Cablevision shareholders

Cablevision disappointed Wall Street on Thursday, and its shareholders are
paying the price.

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News Corp. shares slump on weaker outlook

News Corp. shares are down more than 16% as investors react to the
company's warning that operating income in fiscal 2009 will be far
below its previous expectations.

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The Ratings Game: Amazon downgraded on valuation despite recent sell-off

A small run-up on shares of Amazon.com since the online retailer
reported better-than-expected results last month was enough to spook
at least one analyst, who thinks the company still has a tough road
ahead in a slowing economy.

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Deutsche Telekom says profit rises, holds guidance

Deutsche Telecom AG, Europe's largest telecommunications company, on
Thursday posted an unexpected rise in third-quarter profit, helped by
lower write-downs and good cost control as it confirmed its earnings
outlook for the year.

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AT&T to buy Wi-Fi firm Wayport for $275 million

AT&T will acquire Wayport Inc. for $275 million in cash, sharply
expanding the number of Wi-Fi hotspots where the telecom carrier and
other customers can get Internet access.

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Israel Stocks: Market lower for second day; Teva and Makhteshim in focus

Israel stocks fell for a second day on Thursday, with
just three of the 25 blue chips above the flat line and with Teva
dropping after reporting third-quarter earnings.

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Indications: U.S. stock futures remain under water after jobs data

U.S. stock futures dropped Thursday, as the lowered sales outlook from
Cisco Systems and largely grim retail sales underlined the economic
pressures that
helped President-elect Barack Obama win the election.

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Before the Bell: Cisco Systems, Wal-Mart Stores, jobless claims in spotlight

U.S. stock futures pointed to an opening drop after Cisco Systems said
sales would fall in the current quarter and several retailers issued
tepid monthly sales reports.

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Vodafone to gain control of South Africa's Vodacom

Vodafone Group Plc, the world's largest mobile operator
by revenue, on Thursday looked set to take control of Vodacom Group
after buying a further 15% stake in South Africa's No.1 mobile
operator.

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Yahoo's Yang: 'Open minded' about Microsoft deal

Yahoo Inc. Chief Executive Jerry Yang said late Wednesday that he
remains "very open minded" about a full or partial merger with former
suitor Microsoft Corp.

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Therese Poletti's Tech Tales: Apple's spat with IBM may mean a move
into chip business

A brewing battle between Apple Inc. and its frenemy, IBM Corp., over
the role of an executive who at one time managed Big Blue's PowerPC
chip business may be an early sign that the Silicon Valley wunderkind
is considering designing some of its own semiconductors.