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Business Update: Dell, Sony disappoint
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Friday, 20 November 2009 |
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Worries about the tech sector persisted for a second day after Dell missed forecasts and Sony's turnaround plan failed to soothe economic jitters.
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Friday, 20 November 2009 |
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Google shows off its new Chrome operating system. Plus, cuttin' a rug at the Microsoft Store, a tough choice for AOL employees and an update on Oracle's standoff with the European Union (Nov. 20).
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Hot Stocks: Tech Slide Focuses on Dell, H-P
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Friday, 20 November 2009 |
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Tech issues fell across the board Friday, sparked by investor disappointment over Dell's latest earnings report. MarketWatch's Dan Gallagher reports from San Francisco.
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Downgrades: VRSN, DELL, DRI
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Friday, 20 November 2009 |
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This morning, Wedbush Morgan downgraded shares of VeriSign (VRSN) from Outperform to Neutral as the firm expects revenue and margin growth to slow. Furthermore, analysts with the firm do not expect an uptick for either in 2010 and warns investors that new catalysts won't appear until at least 2011.
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Nokia to Cut 330 R&D Jobs
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Friday, 20 November 2009 |
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Nokia (NOK) said today it is cutting 330 jobs in its research and development operations. The cuts will affect 230 employees at its Oulu site in Finland, and 100 employees in Copenhagen.
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