Tech: Apple leads retreat as expo move rattles investors

Date: Wed, 17 Dec 2008 18:00:11 -0500

Tech Stocks: Apple leads retreat as expo move rattles investors
12/17/2008 4:20 PM ET
Technology stocks tumble back into the red, led by Apple Inc. as the
Silicon Valley icon's move to withdraw from Macworld Expo rattles
investors.

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Take-Two posts disappointing forecast, signs Rockstar talent
12/17/2008 4:55 PM ET
Take-Two Interactive Software Inc. posts a small gain in sales for the
fourth fiscal quarter and issues a forecast for the current period
that is sharply lower than Wall Street's projections.

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Apple hit after Macworld decision; analyst downgrades stock
12/17/2008 4:26 PM ET
The company's dramatic decision to pull out of future Macworld showsn
also has raised fresh speculation about the health of Chief Executive
Steve Jobs.

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Western Digital to cut 2,500 jobs, lowers outlook
12/17/2008 4:21 PM ET
Western Digital Corp. says it is cutting 2,500 jobs, or 5% of its
workforce, as the tech company also lowers its quarterly outlook
citing weakening demand.

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Adobe posts higher profit, sticks to forecast
12/17/2008 2:21 PM ET
Shares of Adobe Systems Inc. fell Wednesday,
after the company met already-lowered expectations for its fiscal
fourth quarter but also said it anticipates a difficult year ahead.

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Motorola to freeze salaries, pensions in cost-cutting move
12/17/2008 1:07 PM ET
Responding to a global recession, Motorola says it will freeze its
pension plan and employee salaries, suspend matching 401(k)
contributions and cut the pay of top executives in an effort to reduce
costs.

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SSTI, flash-memory producer, cuts revenue view and 17% of jobs
12/17/2008 2:59 AM ET
Silicon Storage Technology Inc. raises the top and bottom of the range
of its estimated fourth-quarter loss, cut its revenue expectation and
plans to pare 17% of its workforce as slower consumer spending hits
another maker of
flash-memory technology.

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Apple says next year's Macworld Expo will be its last
12/16/2008 7:58 PM ET
Apple stuns investors and the technology industry by announcing that
it's withdrawing from the annual gathering in San Francisco where the
Silicon Valley icon has unveiled, often in dramatic fashion, its most
successful products.

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Stocks to Watch: Stocks in focus for Wednesday
12/16/2008 6:54 PM ET
Among the companies whose shares are expected to see active trade in
Wednesday's session are Nike Inc., General Mills Inc., and Morgan
Stanley.

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Adobe hits high end of fourth-quarter projections
12/16/2008 6:45 PM ET
Adobe Systems Inc. on Tuesday met already-lowered expectations for its
fiscal fourth-quarter financial results, as the software company
hunkers down for a trying period of slowing sales and job cuts.

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Xilinx lowers sales forecast, citing weak demand
12/16/2008 5:27 PM ET
Xilinx Inc. cuts its revenue forecast for its December quarter, citing
weak sales.