TECH STOCKS: Techs Search For Direction, As Oracle Slips

Date : 09/16/2010 @ 12:02PM
Source : Dow Jones News
Stock : Brocade Communications Systems, Inc. (MM) (BRCD)
Quote : 12.64  0.01 (0.08%) @ 8:00PM

TECH STOCKS: Techs Search For Direction, As Oracle Slips

Oracle Corp. (NYSE:ORCL)
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By Benjamin Pimentel

SAN FRANCISCO (MarketWatch) -- Technology stocks traded sideways Thursday, as shares of Oracle Corp. fell ahead of the software maker's fiscal first-quarter report.

Shares of Redwood City, Calif.-based Oracle (ORCL) were down about 1.3% to $25.41. The tech giant is expected to report strong gains in sales and profit, and to feature its newly hired co-president, Mark Hurd. See Oracle earnings preview.

 
 

Meanwhile, shares of Research In Motion(RIMM) were up about 2% to $46.42. The handheld-device maker is scheduled to report results for its August quarter.

The Nasdaq Composite Index (RIXF) was down about 4 points, or 0.2%, to 2,297 at last check. The Morgan Stanley High Tech 35 Index (MSH) was also off 0.2%, while the Philadelphia Semiconductor Index (SOX) was down 0.1%.

Highlighting the day's gains was GameStop Corp.(GME), shares of which were up 4.8%, a day after the videogame retailer announced a $500 million buyback plan.

Also posting gains were Brocade Communications Systems Inc. (BRCD) , Hewlett-Packard Co. (HPQ) and Cisco Systems Inc. (CSCO) .

 
 
 
 
 
 
 

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