Tech Daily: Nasdaq slides under 1,500 mark, sparking sell-off on tech stocks

Tech Daily - NOVEMBER 12, 2008
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Tech Stocks: Nasdaq slides under 1,500 mark, sparking sell-off on tech stocks

Technology stocks crash in the wake of fresh worries about the economy, pushing the Nasdaq Composite Index down below the 1,500 mark for the first time in more than five years.

Intel Corp. says that it expects financial results for its current, fourth
fiscal quarter to be "below expectations," as the technology bellwether
grapples with a flagging economy.

Applied Materials Inc. reports a fourth-quarter profit that fell 45% as
semiconductor-and-solar panel equipment maker delivered weaker sales. The
company also says it will slash 1,800 jobs.

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Google seeks new ad model with YouTube videos

5:16 PM ET
Google Inc. begins its latest effort to tap YouTube for revenue by presenting
sponsored videos alongside search results on the popular service.

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After Hours: Applied Materials, NetApp rise after results

4:30 PM ET
Better-than-expected quarterly results from Applied Materials and NetApp lift
shares of the technology companies higher in the evening.

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Google stock below $300 mark for first time since 2005

4:23 PM ET
Analysts who follow Google Inc. cut their estimates for the Internet giant's
fourth-quarter financial results, as the company's shares dip below the $300
mark for the first time in more than three years.

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Telecom Stocks: Sprint, Nortel lead retreat again

2:32 PM ET
Sprint Nextel Corp. and Nortel Networks Corp. led telecommunications stocks sharply lower in Wednesday action as the sector once
again mirrored the broader U.S. market.