By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks continued to muddle
their way through Tuesday's trading session, with Google Inc.
edging upward as it was expected to debut Google Fiber in another
city.
Google (GOOG) shares rose $4.63 to $779.67. The company is
scheduled to hold an event in Austin, Texas, and is expected to
bring its Google Fiber home Internet service to the Texas state
capital.
Pandora Media Inc. (P) was off 4 cents a share at $12.84 after
the company said it has reached 200 million registered listeners
for its Internet radio service in the U.S. The company, which
launched in 2005, said it took six years for it to reach its first
100 million registered listeners, and in March it streamed 1.5
billion hours of music.
Wi-Fi hot-spot service provider Boingo Wireless Inc. (WIFI)
shares climbed almost 4% to $6.10, after the company said it
reached an agreement with AT&T Inc. (T) in which AT&T
customers can now access Boingo's network through AT&T's Wi-Fi
International app.
Gains also came from Seagate Technology (STX), Microsoft Corp.
(MSFT), Netflix Inc. (NFLX) and Intel Corp. (INTC).
The Nasdaq Composite Index (RIXF) was showing some signs of
weakness, down by less than 1 point at 3,221. The Philadelphia
Semiconductor Index (SOX) and the Morgan Stanley High Tech 35 Index
(MSH) also dipped into the red.
(INTC)Decliners included Advanced Micro Devices Inc. (AMD),
which gave up 3.5%, to fall to $2.50. On Monday, AMD's shares rose
13% on reports that it would provide the processors for Microsoft's
next version of the Xbox videogame console.
Cybersecurity technology company Sourcefire Inc. (FIRE) fell
more than 3% to $53.48 a share. Late Monday, Sourcefire named board
member John Becker as its chief executive, replacing company
founder Martin Roesch, who had been serving as interim CEO since
last June. Roesch will remain as Sourcefire's chief technology
officer, and a member of the company's board of directors.
Other leading tech stocks in negative territory included Apple
Inc. (AAPL), International Business Machines Corp. (IBM) and Texas
Instruments Inc. (TXN).
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