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) .