Tech: Chip, other tech issues sink after AMD cuts sales outlook

Date: Thu, 04 Dec 2008 18:00:14 -0500

Tech Stocks: Chip, other tech issues sink after AMD cuts sales outlook
12/4/2008 4:27 PM ET

Technology stocks closed lower Thursday, punctuated by chipmaker
Advanced Micro Devices Inc.'s warning that it expects to report a
decline in its quarterly sales.

-----------------------------------------------------------------
Microsoft names former Yahoo exec to top Internet post

Microsoft Corp. has named a new top executive to oversee its Internet
services business, as it seeks to gear up for a more formidable
challenge to market leader Google Inc.

-----------------------------------------------------------------
After Hours: Novell, Guess rise; Microsoft names ex-Yahoo executive
12/4/2008 5:41 PM ET

Novell Inc. and Guess Inc. shares gain after both companies report
earnings after the close of regular trading, while Microsoft edges up
after hiring a former Yahoo executive to head its internet services
division.

-----------------------------------------------------------------
AMD lowers revenue target, cites weak demand
12/4/2008 5:08 PM ET

Advanced Micro Devices lowers its fourth-quarter revenue outlook,
citing "weaker than expected demand across all geographies and
businesses."

-----------------------------------------------------------------
Applied Materials boosted by upgrade; analyst sees industry gains
12/4/2008 4:42 PM ET

Applied Materials, the world's largest maker of
semiconductor-manufacturing equipment maker, is called buy as an
analyst turns bullish on the sector.

-----------------------------------------------------------------
Stable management helps Synopsys in tough times: analysts
12/4/2008 4:32 PM ET

Shares of Synopsys Inc. are up more than 11% after the chip design
software company posts earnings that beat Wall Street projections.

-----------------------------------------------------------------
MarketWatch First Take: AMD earnings shortfall is bad news for the PC sector
12/4/2008 2:18 PM ET

Advanced Micro Devices Inc.'s fourth-quarter earnings shortfall has
analysts and investors concerned about further weakening of the
personal computer business, including the health of its archrival
Intel Corp.

-----------------------------------------------------------------
Telecom Stocks: AT&T, ADC, telecoms mostly decline
12/4/2008 1:20 PM ET

Shares of telecommunications stocks were deflated on
Thursday after two days of gains, with large job reductions by AT&T
Inc. weighing on the sector.

-----------------------------------------------------------------
AT&T to eliminate 12,000 jobs
12/4/2008 1:06 PM ET

AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its
workforce, and spend less on new equipment in 2009 in response to a
weakening economy.

-----------------------------------------------------------------
Amazon shares get boost from strong online sales, upgrade
12/4/2008 12:39 PM ET

Amazon.com shares climb to their highest level in a month after a
broker upgrades the online retail giant on the belief that the
company's strong competitive position will offset pressures from the
slowing economy.

-----------------------------------------------------------------
Nokia again cuts fourth-quarter mobile industry outlook
12/4/2008 10:22 AM ET

Nokia Corp., the world's largest maker of mobile phones, on Thursday
lowered its fourth-quarter mobile-industry outlook for the second time
in less than a month, citing worsening economic conditions, and warned
it may lose market share in the period.

-----------------------------------------------------------------
Israel Stocks: Market higher; Hapoalim holder said to want more
12/4/2008 10:21 AM ET

Israel stocks rose Thursday on the back of two of the
country's heavyweight issues: Israel Chemicals, Teva Pharmaceutical,
as well as the banks.