TECH STOCKS: Mild Gains Color Tech Action

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Tech stocks looked to end the week with mild gains Friday, as several sector leaders posted small gains and the market still couldn't get enough of Chinese video-content site Youku.com Inc.

Shares of Youku (YOKU), often called China's equivalent of YouTube, climbed more than 13% to $48, two days after making its public debut on U.S. markets. Since pricing its initial public offering at $12.80, Youku's shares have climbed more than 280%.

Another Chinese Internet company that went public Wednesday, E-Commerce China Dangdang Inc. (DANG), also continued to flex its muscles, rising 3%. Dangdang's shares rallied almost 90% on Wednesday after its IPO. The company is considered to be Amazon.com (AMZN) of China.

Among leading tech stocks, Netflix Inc. (NFLX) rose 2.5% on news that the stock will be added to the S&P 500 Index (SPX).

Gains also came from Dell Inc. (DELL), Oracle Corp. (ORCL), Motorola Inc. (MOT) and Atmel Corp. (ATML).

The Nasdaq Composite Index (RIXF) edged up 1.6 points to 2,618. The Philadelphia Semiconductor Index (SOX) also managed to eke out a small gain.

Among decliners, National Semiconductor Corp. (NSM) shares fell almost 7%. Late Thursday, the chip maker reported a 78% increase in its quarterly earnings, but gave a weaker-than-expected first-quarter sales forecast.