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Google shares close at $291, Yahoo just above $10

In a bad day for publicly traded tech companies, Google's stock shares closed at $291 on Wednesday, marking the first time since 2005 that the Mountain View, Calif., dot-com's stock price has slipped below the $300 mark. The $291 is a 6.57 percent drop for the stock.

A parade of negative reports and estimates about ad spending in 2009 have led Wall Street analysts to cut their earnings estimates for Google, which can credit its explosive market valuation to its pioneering search-advertising technology.

Citigroup analyst Mark Mahaney characterized expectations for the fourth quarter of 2008 as "… Read more

Circuit City gets delisting notice from NYSE

Things are getting worse at Circuit City.

The embattled electronics retail chain was notified October 24 by the New York Stock Exchange that its stock listing price is so low it's on the verge of being delisted.

According to a form Circuit City filed with the SEC Thursday, the NYSE said the company's stock was "below criteria" because the average closing price was less than $1 per share for the 30 previous days. NYSE requires any company's minimum average over that time period to be $1.

Circuit City's stock closed Friday down 4 cents … Read more

Tech stocks ride high in anticipation of interest rate cut

A wide swath of technology stocks posted double-digit gains Tuesday, as the broader markets surged to exceptionally high levels as investors anticipated an interest rate cut by the Federal Reserve.

Cisco Systems, Amazon.com, Dell, and Comcast were just some of the tech players whose shares crested above 10 percent gains at the market's close, as the Dow Jones Industrial Average jumped a whopping 889.35 points to 9,065.12, up 10.9 percent.

The tech-heavy Nasdaq rose 143.57 points, or 9.5 percent, to close at 1,649.47, while the S&P 500 soared … Read more

Stock art consolidation: Getty to buy Jupiterimages

In one of the larger consolidation moves that have been sweeping the stock art business, Getty Images has agreed to acquire Jupiterimages, a subsidiary of Jupitermedia, for $96 million in cash, the companies said.

Getty will keep the Jupiterimages brand and will augment its collection of imagery with Getty stock, the company said. It's unclear, though, what will come of the two companies' royalty-free microstock sites, iStockphoto and Stockxpert.

"We'll be able to discuss questions like that when the deal closes," said Kelly Thompson, iStockphoto's chief operating officer, in a forum posting after the acquisition … Read more

AMD falls nearly 10 percent, broader markets mixed

Advanced Micro Devices falls nearly 10 percent on Thursday, as the broader markets pull in competing directions.

AMD declined 9.7 percent to $3.27 a share, following the release of its third quarter results the previous day.

The chip maker may have found some comfort in that its share price didn't plunge as far as Cadence Design Systems, which fell a whopping 25.5 percent to $3.22 a share. Cadence took a hit, after the company disclosed it expects to restate its financial results for the first quarter and first half of the year, as it investigates … Read more

Sun shares plummet; broader markets falter

Sun Microsystems shares plunged a whopping 17.5 percent on Tuesday, after the company warned that its first-quarter results would fall short of expectations.

Sun closed at $4.77 a share, down $1.01, marking the third time this month that its shares have ended the trading session below $5 a share.

But Sun wasn't the only tech stock bleeding red, as evidenced by the declines in the broader markets.

The Dow Jones Industrial Average closed at 9,033.66, down 231.77 points, or 2.5 percent. And the tech-heavy Nasdaq ended the day at 1,696.68, … Read more

Google, eBay up, but indexes down

Despite a down day for the broader markets Friday, a handful of tech stocks swam against the tide, posting modest single-digit gains.

Google, Symantec, and eBay were just some of the tech companies to finish the day in the black. The CNET Tech Index was down a modest 1.59 points to end the day at 1,185.55.

Google closed up 5.53 percent to $372.54 a share, which comes as little surprise considering the tech titan posted stronger-than-expected third-quarter earnings results on Thursday. And on Friday, a number of analysts released largely positive comments on the quarter, … Read more

Google shares rise post-earnings and analysts applause

Google shares jumped nearly 9 percent in intraday trading Friday, as analysts chimed in with favorable reports following the company's strong third quarter performance.

Google climbed as high as $384 a share during the day, after reporting a stronger than expected third quarter on Thursday after the markets close. Google's rally marks its second consecutive day of gains, in which its shares have risen as much as 11.7 percent.

Analysts overwhelmingly gave Google a thumbs up in its ability to control costs in the quarter, aiding the company's ability to exceed analysts earnings estimates.

UBS Securities … Read more

Dow soars with Apple, Microsoft among double-digit gainers

This post was updated at 1:26 p.m. PDT with to reflect the market's closing numbers.

The beleaguered Dow Jones Industrial Index surged back up above 9,000 in its largest single-day point gain ever Monday, while Apple, Microsoft, Dell, and other tech companies captured double-digit gains.

After taking investors on a hellacious ride last week, Wall Street didn't disappoint expectations of a better week with the Dow soaring 936.42 points to close at 9,9387.61, after suffering eight consecutive days of losses from its previous post of 10,850.66 on September 30.

Investors … Read more

Apple, eBay stocks rise as Dow goes on wild ride

Apple and eBay were two notable stocks to swim against the tide Friday, staying in positive territory throughout the mid-morning through the market's close. Meanwhile investors watched the Dow Jones Industrial Average take one of its most harrowing rides ever.

As the Dow whiplashed investors with its swings that ranged more than 1,000 points during the day, Apple and eBay took investors on an upward path.

Apple closed up 9.08 percent from Thursday, ending the day at $96.80 a share. It gained most of its traction in the final hour of the trading session and was … Read more