Monday, November 17, 2008

Tech Daily: Dell downgrade highlights weak trading session


Date: Mon, Nov 17, 2008 at 3:00 PM

Technology stocks put in a largely downbeat day as investors take in new
analyst downgrades on PC giant Dell Inc. and hard disk-drive maker Western
Digital Corp. amid uncertain prospects for the computer market next year.

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Tech Stocks: Sun Micro layoffs lead to broad tech losses

5:01 PM ET
Technology stocks sink as the broader market sells off and Sun Microsystems
announces plans to lay off as many as 6,000 workers.



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Symantec CEO John Thompson to retire
5:07 PM ET
Symantec Corp. Chief Executive John Thompson, who has led the security software
maker through a trying period of expansion, will retire by the end of the
company's fiscal year, the company says.

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Dell gets downgraded ahead of earnings report
 5:01 PM ET
Analysts continue to show little enthusiasm for the personal-computer giant due
to fears over a weak outlook for the PC market and the company's ability to
gain market share next year.

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Telecom Stocks: Nokia, Nortel gain; Sprint, AT&T lower
1:51 PM ET
In another turbulent session, some
telecommunications stocks such as Nortel Networks Corp. shot higher, while
others like Virgin Mobile USA. Inc. fell sharply.

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Research In Motion gets bounce ahead of touch-screen launch
1:47 PM ET
Shares of Research In Motion get a boost as one analyst reports strong sales of
the BlackBerry Bold ahead of the launch of the company's first touch-screen
device later this week.

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Europe Markets: Financials pull Europe to another day of losses
12:09 PM ET
European shares declined for the fourth time in five sessions on Monday, with
banks notably lower amid more gloomy news on the global economy.

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Economic Report: Industrial output comes back part way from storms
11:00 AM ET
Output of the nation's factories, mines and utilities partially rebound in
October from September's sharp weather-related slump, the Federal Reserve
reports.

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