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MU Micron CDR

23.58
0.95 (4.20%)
13 Dec 2024 - Closed
Realtime Data
Name Symbol Market Type
Micron CDR NEO:MU NEO Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.95 4.20% 23.58 23.00 23.75 23.70 23.01 23.11 170,929 22:30:01

TECH STOCKS: Tech Stocks Swoon In Late Trading

04/08/2009 8:52pm

Dow Jones News


Micron CDR (NEO:MU)
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By Rex Crum

Technology stocks turned mixed in late trading Tuesday, but the tech-heavy Nasdaq Composite Index remained above the 2,000-point mark and the market awaited quarterly results from video game publisher Electronic Arts Inc.

The Nasdaq (RIXF) gave up its gains, and was down 6.5 points at 2,002. The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) were also in negative territory.

Decliners included Apple Inc. (AAPL), Microsoft Corp. (MSFT), Hewlett-Packard Co. (HPQ) and IBM Corp. (IBM).

Semiconductor stocks continued with their erratic ways. Gains came from Advanced Micro Devices Inc. (AMD), Texas Instruments Inc. (TXN) and Nvidia Corp. (NVDA). Decliners included Intel Corp. (INTC) and Micron Technology Inc. (MU).

Electronic Arts (ERTS) shares rose 33 cents, or 1.6%, to $21.89 ahead of the company's first-quarter earnings report. Analysts surveyed by Thomson Reuters estimate EA will lose 14 cents a share on almost $724 million in sales for the quarter.

However, those results would be an improvement over the same period a year ago, when EA lost 42 cents a share on revenue of $609 million. EA's results are expected to be helped by strong sales of games associated with Nintendo's Wii video game console.

 
 

Other tech companies scheduled to report results after the market close are BMC Software Inc. (BMC), Glu Mobile Inc. (GLUU) and Molex Inc. (MOLX).

Gains also came from Dell Inc. (DELL), NetApp Inc. (NTAP), Yahoo Inc. (YHOO) and Adobe Systems Inc. (ADBE).

 
 

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