Tech : Flextronics, Palm and AMD among decliners as sector tumbles

Date: Wed, 14 Jan 2009 18:00:11 -0500

Tech Stocks: Flextronics, Palm and AMD among decliners as sector tumbles
1/14/2009 4:13 PM ET
Most technology stocks sink sharply, including Flextronics, Palm Inc.
and AMD, as the broader market retreats on news of dismal retail sales
in December.

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Apple's Jobs to take medical leave of absence
1/14/2009 5:54 PM ET
Apple Inc. Chief Executive Steve Jobs says that because of his health
issues he will take a medical leave of absence from the company until
the end of June.

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Gartner says PC sales barely grew in fourth quarter
1/14/2009 5:42 PM ET
Although personal computer sales managed to increase in the fourth
quarter of 2008, the worldwide economic slowdown resulted in the
weakest year-over-year growth rates in six years, the technology
research firm Gartner Inc. says.

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Motorola to lay off another 4,000 workers, warns of loss
1/14/2009 5:12 PM ET
Motorola Corp. says that it expects to incur a loss in the fourth
quarter and will lay off an additional 4,000 workers in a continuing
effort to bring its costs under control.

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Xilinx reports 35% profit rise, but lower sales
1/14/2009 5:00 PM ET
Xilinx Inc. reports a 35% jump in net profit in its fiscal third
quarter, even as the chip maker's sales fell as the company reeled
from the overall market slump.
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Seagate to shed almost 3,000 jobs and will cut salaries
1/14/2009 4:07 PM ET
Seagate Technology said Wednesday it would cut about 6% of its
worldwide workforce and lower the salaries of its top officers by as
much as 25% as part of a restructuring plan by the world's top maker
of computer hard-disk drives.

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Flextronics' shares entangled in Nortel's bankruptcy
1/14/2009 4:06 PM ET
Nortel's Chapter 11 bankruptcy carries repercussions for electronics
contract manufacturer Flextronics, shares of which fall as much as
16%.

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Wall Street cheers new Yahoo CEO Carol Bartz
1/14/2009 3:46 PM ET
Yahoo Inc.'s move to name Carol Bartz as CEO largely draws praise from
Wall Street analysts, who hope the longtime Silicon Valley veteran can
revive the company's sagging fortunes.

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Oracle saddled with monument to tough times
1/14/2009 3:27 PM ET
A towering edifice acquired by Oracle last year when it bought BEA
Systems remains a hollow shell, underscoring both the current economic
crisis and this San Jose's unfulfilled desire for a corporate hub
befitting its self-appointed status as the "capital of Silicon
Valley."

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Nortel files for bankruptcy protection
1/14/2009 12:36 PM ET
Nortel, once the largest company in Canada, files for bankruptcy
protection, victimized by the deepening economic slump.

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Israel Stocks: Tel Aviv lower for third day; banks accused of collusion on fees
1/14/2009 9:38 AM ET
Israeli stocks fail to hold the line on hold early gains, trending
lower on weakness in the banking sector as well as in shares of Israel
Chemicals and selected technology issues.

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Satyam appoints KPMG and Deloitte as new auditors
1/14/2009 2:35 AM ET
Satyam Computer Services' new board appointed KPMG and Deloitte Touche
Tohmatsu as the company's auditors, replacing PricewaterhouseCoopers,
according to reports.

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Toshiba in talks to buy Fujitsu's hard-disk business
1/13/2009 10:46 PM ET
Japan's Toshiba Corp. is in the final stages of talks to buy Fujitsu's
hard-disk drive business for 30 to 40 billion yen ($333 to $444
million), according to a media report Wednesday.

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Rackable Systems cuts '08 view, and employees
1/13/2009 9:33 PM ET
Server and storage technology company Rackable Systems Inc. said late
Tuesday it has reduced its expectations for its financial results for
2008, helping send its shares nearly 10% lower in late trading.