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TECH STOCKS: Techs Head South In Broad Market Sell-off

By Benjamin Pimentel Technology stocks fell sharply Tuesday, swept along in a broader market retreat triggered by financial worries in Europe and Asia. The Nasdaq Composite Index (RIXF) tumbled nearly 3% to 2,152 shortly after the open of trading, putting the tech benchmark more than 5% lower for the year to date. The Morgan Stanley High Tech 35 Index (MSH) also fell, down more than 2%, while the Philadelphia Semiconductor Index (SOX) tumbled more than 3%. Leading the decline were some of the tech industry's biggest players, including blue chips Intel Corp. (INTC), Cisco Systems (CSCO) and Hewlett-Packard (HPQ). Shares of Oracle Corp. (ORCL), Microsoft (MSFT) and Google Inc. (GOOG) all moved down more than 2%, while Yahoo Inc. (YHOO) fell more than 3%. Worse still, Autodesk Inc. (ADSK) and Baidu Inc. (BIDU) both dropped more than 4%. The Dow Jones Industrial Average (DJI) lost more than 200 points as investors rattled by tensions on the Korean peninsula and the financial crisis in Europe decided to sell out of positions.

Stock News for Autodesk (ADSK)
02/05/201616:39:39Statement of Changes in Beneficial Ownership (4)
02/03/201611:30:00Autodesk Plans to Reduce Workforce by 10%
02/03/201609:01:41Current Report Filing (8-k)
02/03/201609:00:00Autodesk Announces Restructuring Plan to Accelerate Transition...
02/01/201608:00:00Autodesk Extends Invitation to Join Financial Results Conference...
01/25/201613:50:46Amended Statement of Ownership (sc 13g/a)
01/07/201616:14:24Statement of Changes in Beneficial Ownership (4)
12/22/201518:51:27Initial Statement of Beneficial Ownership (3)
12/15/201516:04:22Statement of Changes in Beneficial Ownership (4)
12/11/201516:27:14Statement of Changes in Beneficial Ownership (4)
12/11/201516:22:29Amended Statement of Beneficial Ownership (sc 13d/a)
12/09/201517:15:49Quarterly Report (10-q)
12/08/201516:06:15Statement of Changes in Beneficial Ownership (4)
12/08/201516:04:33Statement of Changes in Beneficial Ownership (4)
12/01/201517:30:00Autodesk SeeControl Enables the Future of Connected Products...
12/01/201517:30:00Autodesk Unveils Cloud-based Forge Initiative to Transform How...
12/01/201517:13:51Amended Statement of Beneficial Ownership (sc 13d/a)
12/01/201511:00:00Autodesk Declares a ‘New World Order’ in Construction Document Man...
11/30/201512:00:00Autodesk University 2015 Spotlights The Future of Making Things
11/24/201516:50:10Statement of Changes in Beneficial Ownership (4)

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