Tech : IBM leads sector sharply higher; Nasdaq rallies 4%

Date: Wed, 21 Jan 2009 18:00:15 -0500

Tech Stocks: IBM leads sector sharply higher; Nasdaq rallies 4%
1/21/2009 4:33 PM ET
Technology stocks rise as the sector rides big gains from IBM, which
gave a strong quarterly report and forecast for this year.

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Tech Stocks: IBM, other bellwethers lose ground by close
1/20/2009 5:14 PM ET
Technology stocks go into the red in early trading, with IBM Corp.
among the decliners ahead of its fourth-quarter earnings report, due
after the market close.

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Intel to cease operations at five facilities
1/21/2009 5:16 PM ET
SAN FRANCISCO (MarketWatch) - Intel Corp. on Wednesday said it will
stop production at five factories in a bid to consolidate
manufacturing operations in what the chip giant has described as a
period of uncertainty in the
semiconductor industry.

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EBay earnings slide in fourth quarter as forecast disappoints
1/21/2009 4:52 PM ET
EBay Inc. said Wednesday that net income fell
more than 30% during the fourth quarter as sales came under pressure
from the slowing economy and increased competition.

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Seagate swings to big quarterly loss
1/21/2009 4:44 PM ET
Seagate Technology reports a big fiscal second-quarter loss, stung by a 34%
drop in sales.

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IBM shares surge more than 11% on strong outlook
1/21/2009 4:32 PM ET
Investors got behind IBM Corp., sending the tech giant's shares up more than
11% in the hopes that Big Blue's upbeat earnings report and outlook will
deliver at least some relief for a market wracked by economic uncertainty.
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Allegheny Tech's quarterly profit falls 26%
1/21/2009 4:04 PM ET
Allegheny Technologies Inc. says Wednesday that its fourth-quarter net income
fell 26% and warns it will fall short of analyst targets in the coming period
because of rising benefit costs and a one-time expense related to falling
commodity prices.

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EBay's earnings expected to
401/21/2009 2:00 PM ET
EBay's expected to report a decline in fourth-quarter earnings Wednesday
afternoon, a reflection of the online auctioneer's struggles with a slowing
economy and growing competition.

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Sony to shut TV plant, cut 2,000 full-time jobs in Japan: report
1/21/2009 1:55 PM ET
Sony plans to close one of two television factories and cut more than 2,000
full-time jobs in Japan, according to a Japanese media report.

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Telecom Stocks: Ericsson, big phone stocks lead telecoms
1/21/2009 1:34 PM ET

Wireless-equipment maker Ericsson and big U.S. phone
companies tacked higher in Wednesday trades on the first full day of the Obama
presidency.

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Jobs' health, earnings outlook in focus when Apple reports
1/21/2009 11:57 AM ET
Apple Inc. is scheduled to report first-quarter earnings after the market
closes, and if the company wasn't dealing with enough attention surrounding the
health and status of Chief Executive Steve Jobs, it now has to prove that it
can weather the slowdown in tech spending.

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Ericsson plans 5,000 job cuts as fourth-quarter net drops 31%
1/21/2009 10:01 AM ET
Swedish telecoms equipment giant Ericsson AB on Wednesday posted a 31% drop in
fourth-quarter profit as restructuring charges and losses at its mobile phone
venture took a toll on the bottom line, but its sales rose at a time when many
competitors are struggling for survival.

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Best Buy promotes COO Brian Dunn to chief executive
1/21/2009 9:45 AM ET
Best Buy promotes company veteran President Brian Dunn to chief executive at a
time when the company is grappling with consumers' cutting back on
discretionary spending.

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Israel Stocks: Tel Aviv lower on Moody's gloomy bank view
1/21/2009 9:16 AM ET
Israeli stocks slumped broadly on Wednesday, led lower by the banks and other
financial companies, as Moody's said in a report that the "fundamental credit
outlook for the Israeli banking industry" over the next 12 to 18 months "is
negative."