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TECH STOCKS: NetApp, Apple Rise; Cisco, Microsoft Slide

Apple Inc. and NetApp Inc. posted gains Wednesday, but the tech sector was weighed down by declining shares of Oracle Corp., Cisco Systems and Microsoft Corp.Apple (AAPL) was up 1% at $442.86, extending its gains for the week to more than 3%.Bigger gains came from NetApp (NTAP), which was up 3% at $37.69 a day after the data-storage systems maker boosted its share repurchase program and announced a plan to cut 900 jobs.The moves got a warm reception on Wall Street although some analysts counseled caution, especially given NetApp's weaker-than-expected outlook."The health of the business remains challenged given results and guide, but the company is adjusting to business conditions and addressing capital allocation, which we think investors will view positively," Wedbush analyst Rohit Chopra said in a note."We remain cautious on the spending environment and advise investors to remain on the sidelines until signs of sustainable growth and visibility into the business emerges."But the Nas...

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  3. Apple Falls As CEO Testifies, But Techs Edge Up

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  4. Ireland Defends Corporate Tax System

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  5. Factbox: Yahoo's acquisitions: from Geocities to Tumblr

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  7. TECH STOCKS: Yahoo's Deal For Tumblr Heads Tech's Day

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  8. Yahoo Makes $1.1B Bet on Tumblr

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  9. TECH STOCKS: Yahoo Shares Edge Up After Tumblr Deal

    Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by ...

  10. Yahoo to Buy Tumblr for $1.1 Billion in Cash -2-

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  11. Yahoo Slips On Tumblr Deal; Tech Stocks Down

    Yahoo Inc.'s $1.1 billion acquisition of blogging service Tumblr took the spotlight in early tech sector action Monday. Yahoo's shares gave up 15 cents to slip to $2...

  12. Yahoo to Buy Tumblr for $1.1 Billion in Cash

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  1. EU Leaders Pledge to Ensure All Pay Fair Share of Taxes

    Faced with the fallout of austerity and embarrassing tax-evasion scandals, European Union leaders pledged Wednesday to ensure that everybody--from high-income earner...

  2. How Social Media is Changing the Way We Buy and Sell Homes

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  3. TECH STOCKS: NetApp, Apple Rise; Microsoft, Oracle Slide

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    Google Inc. widened its lead in U.S. online display ads, capturing 24.1% of the market's $3 billion revenue in the first quarter, IDC reported Tuesday. That's a gain...

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