Rochester, NY 8/27/2009 10:44:22 PM
TECH STOCKS Slip As Apple, EBay Retreat
Apple Inc.
Tech stocks reversed course morning of August 26, 2009, slipping into the red after Apple Inc. and eBay Inc. shares chalked up losses and chipmakers turned in a mixed performance. The sector earlier had posted modest gains, with semiconductor shares rising after technology researcher Gartner Inc. updated its chip industry forecast of 2009 and now foresees a smaller-than-expected revenue decline.
"The semiconductor market has performed better than expected, as was evident when second-quarter semiconductor revenue increased 17% in sequential sales," according to Gartner Vice President Bryan Lewis.
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