Tech : Marvell powers sector back into black

Date: Wed, 03 Dec 2008 18:00:11 -0500

Tech Stocks: Marvell powers sector back into black
12/3/2008 4:19 PM ET

Technology stocks battle their way back to positive territory, powered
by Marvell soaring more than 18% on stronger-than-expected quarterly
earnings.

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Adobe issues disappointing outlook, will cut jobs

Adobe Systems Inc. issues preliminary results for its fiscal fourth
quarter and a sales outlook for the first quarter that falls short of
expectations, while announcing that it will cut roughly 600 jobs.

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Analog Devices names new CFO
12/3/2008 5:24 PM ET

Analog Devices Inc. names David Zinsner as its new chief financial officer.

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Marvell shares soar 20% on better-than-expected results

12/3/2008 5:14 PM ET
Shares of Marvell Technology Group Ltd. soar 20% one day after the
chip maker swung to a profit with quarterly results that surpassed
most Wall Street projections.

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SanDisk shares soar 25% on Toshiba buyout talk

12/3/2008 4:18 PM ET
Shares of SanDisk Corp. soar more than 25% Wednesday on a rumor that
Toshiba Corp. is considering buying the chip maker.

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Telecom Stocks: AT&T, Ericsson gain; Nokia retreats

12/3/2008 3:17 PM ET
Telecommunications stocks extended gains Wednesday
for the second straight trading session, though price increases were
narrow. AT&T Inc. and Ericsson were among the leaders.

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Credit costs for riskier European borrowers hit distressed mark
12/3/2008 3:14 PM ET

The cost of insuring European high-yield issuers against default shot
to distressed levels for the first time ever Wednesday, as grim
economic data bolstered expectations of a severe recession for the
region.

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Europe Markets: European stocks stage late rally as volatilty continues
12/3/2008 12:12 PM ET

European shares fall on Wednesday, pressured by losses for oil majors
and a sharp sell-off for chip maker Infineon Technologies.

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Economic Report: U.S. services sector contracting at record pace
12/3/2008 11:05 AM ET

Non-manufacturing companies in the United States were contracting in
November at the fastest pace on record, according to a survey of
companies by the Institute for Supply Management.

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Israel Stocks: Market lower; Israel Corp. and Discount Bank in analyst focus
12/3/2008 10:25 AM ET

Israel stocks fell on Wednesday, with some top
blue-chip and real-estate names falling and the banks mixed due to a
continued positive stock move by Mizrachi Tefahot.

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Research In Motion cuts profit and sales goals
12/3/2008 10:15 AM ET

BlackBerry maker Research in Motion slashes its third-quarter revenue
and earnings goals for the fiscal third quarter, becoming the latest
maker of mobile devices to pare estimates as the world economy
languishes.