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TECH STOCKS: Tech Stocks Eke Out Small Gains In Afternoon Trade

By Rex Crum Technology stocks put in a mixed performance in afternoon trading Friday, as the sector see-sawed in a hunt for direction after the U.S. unemployment rate topped 10% for the first time in 26 years. The tech-heavy Nasdaq Composite Index (RIXF) added 4 points to 2,109, while the Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) also edged above their breakeven lines. Gains came from shares of Hewlett-Packard Co. (HPQ), IBM Corp. (IBM), Microsoft Corp. (MSFT), Intel Corp. (INTC), Apple Inc. (AAPL) and Dell Inc. (DELL). The sector's performance showed how fickle the market can be, as nearly every major tech stock was in the red shortly after the opening bell. Then, many advanced before turning south again. Before trading began, the Labor Department released data showing the U.S. unemployment rate climbed to 10.2% in October, its highest level since 1983. Shares of Nvidia Corp. (NVDA) climbed 7% after the graphics-chip maker reported a rise in its third-quarter earnings to $107.6 million, or 19 cents a share, on revenue of $903.2 million. . EBay Inc. (EBAY) shares edged up less than 1% after the online retailer said it settled litigation with the founders of its Skype Internet-telephony business. The settlement is expected to facilitate eBay's sale of Skype to an investor group. Google Inc. (GOOG) shares rose $1.45 to $550.10. The latest smartphone to run on Google's Android operating system, Motorola Inc.'s (MOT) Droid, made its debut Friday with Verizon (VZ).

Stock News for Verizon (VZ)
DateTimeHeadline
11/20/200910:50:05CWA, Ver.di Align To Represent Deutsche Telekom, T-Mobile Workers
11/19/200908:15:35Vodafone CEO: Need To Resolve Verizon Wireless Situation
11/18/200914:19:03DirecTV Taps PepsiCo Executive White As President, CEO
11/10/200908:36:09Motorola Droid Is No iPhone, But It's Seen Doing Pretty Well
11/10/200902:37:09Vodafone Doubles Cost Saving Target To GBP2 Billion, 1st Half...
11/09/200913:35:18Dish Network CEO: Dividends Are 'Always On The Table For Us'
11/06/200917:49:06RadioShack To Begin Carrying Apple's iPhone In Limited Areas
11/06/200917:09:16TECH STOCKS: Tech Stocks Close With Small Gains
11/06/200914:06:15TECH STOCKS: Tech Stocks Eke Out Small Gains In Afternoon Trade
11/06/200910:45:05FCC Approves AT&T Acquisition Of Centennial, With Conditions
11/05/200915:36:09HTC Raises Brand Profile With Less-Flashy Google Phone
11/04/200909:30:10T-Mobile USA Says It Has Fixed Voice, Data Outages
11/03/200915:27:09AT&T Sues Verizon Over `There's A Map For That' Ads
10/26/200911:33:10T-Mobile Unveils Phone Price Plans In Turnaround Effort
10/26/200909:43:15Verizon CFO: Economy Continues To Create Headwinds For Us
10/26/200908:22:12Verizon 3Q Net Down 30% Amid Charges; Wireless Trail AT&T
10/26/200907:29:06FairPoint Enters Chapter 11 In Deal Giving Control To Lenders
10/23/200915:34:05US EQUITIES WEEK AHEAD: More 3Q Results; GDP Likely Positive
10/22/200913:42:01AT&T Stays Above Wireless Price War With High-End Customers
10/22/200912:15:31FCC OKs Open Internet Proposal With Republican Dissent

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