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The Hunt for the Next 10 Bagge..
Posted On: 10/19/2012 1:06:22 PM
Post# of 103080
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Posted By: ruliquid

Tech selloff takes down Apple, Microsoft
AMD, Marvell fall hard on lowered outlook; Google falls again

SAN FRANCISCO (MarketWatch) — Tech stocks sunk lower by midday Friday, pushed down by disappointing results from Microsoft Corp. and a sharp drop by several chip stocks and PC makers, along with a broad-based sell-off.
Even Apple (NASDAQ:AAPL) felt the pinch, losing more than 2.2% to come on pace to hit its lowest closing price since early August.

The Nasdaq Composite Index (NASDAQ:COMP) shed nearly 2% by midday to stand at 3,011. The Philadelphia Semiconductor Index (NPI:SOX) gave up more than 2.7%, while the Morgan Stanley High Tech 35 Index (NAR:MSH) was off nearly 1.5%. The Dow fell more than 170 points.
http://www.marketwatch.com/story/microsoft-ch...2012-10-19


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