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TECH STOCKS: Tech Stocks Falter Ahead Of Cisco's Results

By Rex Crum SAN FRANCISCO (MarketWatch) -- Tech stocks were mostly in the red Wednesday, as the sector followed the broad market south and awaited the release of Cisco Systems Inc.'s quarterly results after the market close. Cisco (CSCO) gave up 27 cents a share to trade at $24.07 in advance of the company's fiscal first-quarter results. Analysts surveyed by FactSet Research estimate Cisco will earn 40 cents a share on $10.75 billion in sales, up from 36 cents a share on revenue of $9 billion in the year-ago period. With Cisco in the red, other tech stocks followed suit. Losses came from Apple Inc. (AAPL), Hewlett-Packard Co. (HPQ), Intel Corp. (INTC), Yahoo Inc. (YHOO) and Dell Inc. (DELL). The Nasdaq Composite Index (RIXF) fell 13 points to 2,550, while the Philadelphia Semiconductor Index (SOX) gave up more than 1%. Google Inc. (GOOG) shares fell $6.77 to $618.38. However, the Internet kingpin was getting more attention for a company plan to give 10% raises to every one of its 23,000 employees. Video-technology company Sonic Solutions Inc. (SNIC) fell by $1 a share, or more than 8%, to $11.10, after the company gave a weaker-than-expected revenue forecast for its fiscal third-quarter. Other losses came from Western Digital Corp. (WDC), down $1.16 a share, or 3.4%, at $33.39; Lam Research Corp. (LRCX), which fell $1.73 a share, or 3.7%, to $45.29, and Advanced Micro Devices Inc. (AMD), down 15 cents a share, or 2%, at $7.76.

Stock News for Lam Research (LRCX)
02/16/201712:55:17Statement of Changes in Beneficial Ownership (4)
02/14/201717:59:25Current Report Filing (8-k)
02/14/201716:05:00Lam Research Corporation Announces Participation at Upcoming...
02/14/201715:08:05Statement of Changes in Beneficial Ownership (4)
02/14/201715:07:12Statement of Changes in Beneficial Ownership (4)
02/14/201713:33:02Statement of Changes in Beneficial Ownership (4)
02/14/201713:30:26Statement of Changes in Beneficial Ownership (4)
02/14/201713:28:40Statement of Changes in Beneficial Ownership (4)
02/14/201713:26:57Statement of Changes in Beneficial Ownership (4)
02/14/201711:32:51Statement of Ownership (sc 13g)
02/10/201711:46:05Amended Statement of Ownership (sc 13g/a)
02/10/201709:51:28Amended Statement of Ownership (sc 13g/a)
02/02/201717:28:47Statement of Changes in Beneficial Ownership (4)
01/30/201716:18:36Quarterly Report (10-q)
01/25/201716:05:27Current Report Filing (8-k)
01/25/201716:05:00Lam Research Corporation Reports Financial Results for the Quarter...
01/25/201714:50:44Amended Statement of Ownership (sc 13g/a)
01/13/201716:43:42Statement of Changes in Beneficial Ownership (4)
01/05/201716:42:21Statement of Changes in Beneficial Ownership (4)
01/04/201716:05:00Lam Research Corporation Announces December Quarter Financial...

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