TECH STOCKS: Salesforce, Groupon, Microsoft Among Tech Decliners

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Tech stocks added to their prior day's losses Tuesday, with Salesforce.com Inc. and Groupon Inc. among the decliners, and Microsoft Corp. also retreating following its annual shareholders meeting.

Salesforce (CRM) fell by 5%, to close at $52.74 a share a day after the cloud-based software company reported upbeat quarterly results. However, analysts raised concerns about the quality of Salesforce's report due to weak profit-margin growth and the chance of slowing revenue gains in coming quarters.

Groupon Inc. (GRPN) also had a rough day, giving up 5.7% to fall to $9.82 following Securities and Exchange Commission filings that showed several company executives and insiders have recently sold some of their holdings in the online daily deal and e-commerce company.

Microsoft shares fell 18 cents to $36.74 after the software giant held its last annual shareholders meeting with Chief Executive Steve Ballmer, who is retiring from the company.

Losses also came from Hewlett-Packard Co. (HPQ), Netflix Inc. (NFLX), Apple Inc. (AAPL) and Pandora Media Inc. (P).

The Nasdaq Composite Index (RIXF) fell more than 17 points to close at 3,931 and the Philadelphia Semiconductor Index (SOX) ended the day down by 1.3%.

Brocade Communications Systems Inc. (BRCD) was a rare noteworthy gainer, as its shares rose more than 8% to $8.77 after the networking technology company reported upbeat quarterly results late Monday.

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