Tech: Qualcomm, Dell pace declines as earnings weigh on sentiment

Date: Thu, 29 Jan 2009 18:00:27 -0500

Tech Stocks: Qualcomm, Dell pace declines as earnings weigh on sentiment
1/29/2009 4:10 PM ET
Technology stocks take a sharp hit on a smattering of bad earnings
reports and a warning from PC maker Dell Inc.

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Cisco expected to report 8% revenue drop
1/29/2009 5:30 PM ET
Cisco Systems Inc. is expected to report an 8% drop in revenue on Feb.
4 as it navigates through a difficult market marked by a dramatic
decline in consumer and corporate tech demand.

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Broadcom swings to loss, outlines cost-cutting measures
1/29/2009 5:09 PM ET
Broadcom Corp. reports a fourth-quarter loss, warning that it expects
more pain from the downturn, but also highlighting its efforts to cut
costs, including freezing pay and cutting its workforce.

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Amazon reports surprise earnings growth for fourth quarter
1/29/2009 5:04 PM ET
Amazon.com reports a surprise gain in fourth-quarter earnings thanks
to strong holiday sales, beating the consensus view of Wall Street
that had been predicting a decline in earnings for the period.

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Juniper posts gains, but falls shy of estimates
1/29/2009 4:45 PM ET
Juniper Networks Inc. posts profit and sales gains for what was
generally a challenging economic period by keeping tight control of
costs, though the network equipment maker's numbers still fall shy of
Wall Street estimates.

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Dell shares fall after it warns expenses to cut into earnings
1/29/2009 4:34 PM ET
Dell shares fall almost 9% after the personal-computer giant reveals
it will record nearly $300 million in fourth-quarter expenses related
to restructuring efforts and stock-option expenses.

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Kodak shares sink 22% on big loss, job cuts
1/29/2009 4:28 PM ET
SAN FRANCISCO (MarketWatch) -- Eastman Kodak Co. shares dropped 29%
Thursday after the company swung to a big loss in the fourth quarter,
bruised by slumping sales of its digital cameras and other photography
equipment, and saidit will cut up to 4,500 jobs.

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More layoffs quietly underway at IBM, group says
1/29/2009 2:32 PM ET
While a number of technology giants have been making public
disclosures about job cuts in recent weeks, IBM Corp. has been quietly
eliminating positions in a number of divisions including its storied
research unit, according to an organization seeking recognition as a
union with the company.

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Amazon expected to see drop in earnings
1/29/2009 12:57 PM ET
Amazon.com is expected to report a decline in quarterly earnings when
it reports results Thursday, as the online retailer is believed to
have cut prices during the holiday season to maintain strong market
share.

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Telecom Stocks: Qualcomm, AT&T are top decliners after results
1/29/2009 12:40 PM ET
Qualcomm Inc., Alcatel-Lucent and AT&T Inc. spotlight declines in the
telecommunications sector as most industry stocks retreat along with
the broader U.S. market.

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Weak sales forecast hits Citrix Systems
1/29/2009 11:17 AM ET
Citrix Systems Inc. shares fall as much as 12% Thursday after the
virtualization and infrastructure software company reports a decline
in its fourth-quarter earnings and gives a first-quarter sales
forecast that falls shy of Wall Street analysts' estimates.

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Qualcomm shares stumble on soured investments, weak outlook
1/29/2009 10:35 AM ET
The provider of chip technology for wireless phones posts
lower-than-expected earnings tied to heavy losses on its investment
portfolio.

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Israel Stocks: Market lower; Mellanox beats estimate
1/29/2009 10:34 AM ET
Israeli stocks dropped on Thursday, led by weakness
in Israel Chemicals, a couple of the telecom companies, and the real
estate sector.

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Sony profit tumbles 95% on weak demand, strong yen
1/29/2009 2:40 AM ET
Sony Corp. reports Thursday its third-quarter profit was almost
entirely wiped out and it still expects to post its first full-year
loss in 14 years.