ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AAPL Stock Price » AAPL Stock News

Apple Share News

 Apple Inc. (mm) Stock Price
AAPL Stock Price
 Apple Inc. (mm) Stock Chart
AAPL Stock Chart
 Apple Inc. (mm) Stock News
AAPL Stock News
 Apple Inc. (mm) Company Information
AAPL Company Information
 Apple Inc. (mm) Stock Trades
AAPL Stock Trades

TECH STOCKS: Micron, Red Hat Highlight Tech Retreat

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks showed few signs of putting the brakes on broad losses Thursday, as memory-chip maker Micron Technology Inc. and business-software firm Red Hat Inc. highlighted the sector's retreat, following the companies' disappointing quarterly reports. The results from the two underscores recent concerns over pricing in the memory-chip market, as well as the health of corporate information-technology spending. Micron (MU) shares fell 35 cents, or 5.6%, at $5.78 after the chip maker reported a loss, taking a hit from weak pricing for memory chips. Wedbush analyst Betsy Van Hees wrote that "in the near term, we think the stock will likely be rangebound until there is better visibility" on a number of factors. She cited supply-and-demand trends for NAND chips in the second half of the year, and the potential impact of the expected release of Ultrabook notebooks based on Microsoft Corp.'s (MSFT) Windows 8 software on the personal-computer market. However, she also maintained an outperform rating, citing Micron's comments on a stronger second half of the year. ThinkEquity's Suji De Silva also kept a buy rating on Micron, saying in a note: "We believe [Micron] is experiencing firming demand across DRAM, where supply is tightening due to competitor financial issues, and broader end-market demand is stabilizing." Separately, Red Hat (RHT) shares gave up $3.17, or 5.6% at $53.33 after the software maker reported a weaker-than-expected outlook. Reacting to Red Hat's report, J.P. Morgan John DiFucci wrote: "We continue to remain cautious on global IT spending, especially in the coming months. That said, we believe the company continues to execute well against a weakening macro environment." Intel Corp. (INTC) and Hewlett-Packard Co. (HPQ) also remained in the red as two of the worst performers on the Dow Jones Industrial Average. (DJI) The blue-chip index fell 101 points as investors reacted to economic data, including the June Philadelphia Fed index which came in below consensus. The Nasdaq Composite Index (RIXF) gave up 34 points, or more than 1%, at 2,895, and the Philadelphia Semiconductor Index (SOX) was off by more than 2%. Declines also came from Seagate Technology (STX), Western Digital Corp. (WDC), Apple Inc. (AAPL) and Netflix Inc. (NFLX) The few gainers that emerged included Facebook Inc.(FB), up 18 cents a share to $31.78 and Amazon.com Inc. (AMZN), up 45 cents a share to $223.47.

Stock News for Apple (AAPL)
DateTimeHeadline
04/25/201517:05:03Will Google's Android Wear Update Help It Challenge the Apple...
04/25/201515:43:02Apple Inc. Earnings Preview: 3 Key Things to Watch
04/25/201515:05:02Fidelity Contrafund: Beating the Market the Old-Fashioned Way
04/25/201514:03:02Apple, LinkedIn, and Baidu: 3 Must-Watch Tech Earnings Reports...
04/25/201512:07:02Another Analyst Boosts Apple Inc. iPhone Shipment Predictions
04/25/201511:07:02Apple Inc. Might Be Planning Massive Overhaul of the MacBook...
04/25/201510:30:03This Analyst Believes Apple, Inc. Will Crush Earnings on the...
04/25/201510:20:03You'll Never Guess the NRA's Surprising Handgun of the Year
04/25/201510:01:03Should Nokia Corporation Launch New Smartphones?
04/25/201509:22:023 Surprising Apple Watch Specs
04/25/201508:32:02Is Apple Watch Already the Most Popular Smartwatch Ever?
04/25/201508:20:08Appleâs iPhone 6 Hits Samsung Galaxy in Its Home Country
04/25/201508:09:02The New Apple MacBook's 3 Most Exciting Features
04/24/201517:42:50Apple's "Buy" Rating Reiterated at Stifel Nicolaus (AAPL)
04/24/201517:00:03What Could Possibly Go Wrong with Apple Stock?
04/24/201516:40:13BlackBerry Mulls Closing Sweden Operations
04/24/201516:30:13BlackBerry Mulls Closing Sweden Operations
04/24/201515:22:19Apple Given a $135.00 Price Target by Cowen and Company Analysts...
04/24/201513:06:02Surprise! Apple Inc.âs iPod Touch Might Not Be Dead
04/24/201511:07:02Is This the Apple iPhone 6s' Killer New Feature?

Apple Computer and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad