14/12/2012 16:31:00

TECH STOCKS: Apple's Losses Keep Pressure On Tech Stocks

Related content
Related debate
01 Aug - 
tak men hvordan tilføjer jeg aktier til eksisterende tr..
01 Aug - 
tilføj 24 til kurs 0 og det passer
01 Aug - 
Hej folkens Er der nogen som kan fortælle mig hvordan m..

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- With Adobe Systems Inc. in the lead, many tech stocks appeared headed for a day of gains Friday, but losses from tech giant Apple Inc. continued to weigh on the overall sector.

Apple (AAPL) shares fell more than 3% to $512.40. Before the start of trading, UBS analyst Steven Milunovich cut his price target on Apple's stock to $700 a share from $780.

In a research note, Milunovich said he was taking a slightly more conservative view on Apple due to supply chain checks that suggest a decline in iPhone production in the March quarter of 2013, and that the new iPad mini could be cannibalizing some sales of the iPad.

With Apple's losses leading the way, the Nasdaq Composite Index (RIXF) fell more than 15 points to 2.976. The Philadelphia Semiconductor Index (SOX) and the Morgan Stanley High Tech 35 Index each dipped into the red.

VeriFone Systems Inc. (PAY) shares fell almost 11% to $29.62 after the payment-processing technology company reported a wider quarterly loss late Thursday.

Losses also came from Dell Inc. (DELL), Microsoft Corp. (MSFT), Seagate Technology (STX) and Qualcomm Inc. (QCOM).

Adobe Systems (ADBE) shares rose almost 5% to $37.25 after the software company reported better-than-expected quarterly earnings after the close of trading on Thursday. Adobe earned 61 cents a share, excluding one-time items, on $1.15 billion in revenue, while analysts has forecast the company to earn 57 cents a share, on sales of $1.1 billion.

Groupon Inc. (GRPN) share rose more than 4%, to as high $5.10, making the first time the online daily deal and e-commerce company's stock had been above $5 since Oct. 18.

Other gainers included Oracle Corp. (ORCL), IBM Corp. (IBM), Yahoo Inc. (YHOO) and Nvidia Corp. (NVDA).

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

December 14, 2012 11:31 ET (16:31 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Der er da ikke noget nedladende ved det svar. Ville bare meddele dig at du kan få det hele serveret ..
Næh, når man har 2 supergode handelsprogrammer fra Nordnet - WinTrade og Onlinetraderen - har man ik..
30 Aug
Sælg Yhoo efter ipo og køb BABA , BABA bliver på sigt verdens mest værdifulde selskab , allerede ved..
30 Aug
Kort fortalt ligner dette en no-brainer, idet Yahoo ejer 22,5% af aktierne i AliBaba, som står overf..
27 Aug
SoftBank har ved starten af året haft en større ejerandel end Yahoo i BABA. Jeg ved ikke om det stad..

Regulatory news

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
Starbreeze AB announces intent to acquire Geminose Inc. and sets up North American operations
ALK's partner Torii initiates final stage of clinical development of Japanese cedar SLIT-tablet
Novartis to unveil new data from three key clinical trials at European Respiratory Society International Congress 2014
Gemalto M2M connectivity solution helps deliver green energy to remote communities without electricity
JLT Delivers over 70 Mobile Computers to One of the Largest Maritime Terminals in Poland

Related stock quotes

Apple Inc 103.45 0.9% Stock price increasing
Microsoft Corporation 44.91 -1.1% Stock price decreasing
Yahoo Inc 39.29 2.0% Stock price increasing
Qualcomm Incorporated 75.09 -1.3% Stock price decreasing
Nvidia Corporation 19.37 -0.4% Stock price decreasing
International Business M.. 191.17 -0.6% Stock price decreasing
VeriFone Systems Inc 35.04 0.3% Stock price increasing
Adobe Systems Incorporat.. 72.29 0.5% Stock price increasing
Seagate Technology 61.97 -1.0% Stock price decreasing
IBM COM STK USD0.20 191.79 0.2% Stock price increasing
Microsoft Corp SPL 45.20 4.5% Stock price increasing
IBM 210.95 0.0% Stock price decreasing

Buy and sell signals

  • Trend
  • Moneymachine

Related companies
Get access to information and recommendations of related companies with our PLUS package.

You get access to 7 valuable investment tools.

Click here to read more about the PLUS package.
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
02 September 2014 17:41:50
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140825.1 - EUROWEB5 - 2014-09-02 18:41:50 - 2014-09-02 17:41:50 - 1000 - Website: OKAY