Updated from 12:40 p.m. EDT
(PHG - Get Report) slumped 4% after the maker of flat screen TVs and other consumer goods warned of a soft second quarter. Slack demand, particularly in Europe, is "hampering our growth ambitions in the short term," CEO Gerard Kleisterlee said in a statement Wednesday. U.S. shares in the Amsterdam-based company fell $1.14 to $25.95.
(NVDA - Get Report) traded actively after the company said its PureVideo decoder won approval from
(TIVO - Get Report) for use with its TiVoToGo feature, which transfers programs from a TiVo digital video recorder to a PC. Wednesday's move comes on top of a 6% drop Tuesday as investors
worried about a price cut
at Nvidia. Shares of the Santa Clara, Calif., company dropped 8 cents to $26.83.
Silicon Storage Technology
(SSTI) rose 18% after WR Hambrecht upgraded the stock to buy from sell, citing its recent
(AAPL) deal. Silicon Storage rose 62 cents to $4.13.
Internet Initiative Japan
(IIJI - Get Report)
traded actively again after the Internet highflier said it raised some $61 million in a stock offering in Japan. Wednesday's action comes on the heels of a
in the stock. IIJ dropped 3 cents to $10.95.
fell 4% after the maker of solar panels filed a recent press release with the
Securities and Exchange Commission
. Like IIJ, DayStar has seen some
in its shares recently. On Wednesday, the stock dropped 49 cents to $13.45.
Other tech stocks on the move included
(AMAT - Get Report)
, down 2 cents to $16.88;
(SYMC - Get Report)
, up 33 cents to $21.48;
, down $3.55 to $274.80;
, down 22 cents to $34.86; and
(EBAY - Get Report)
, up a quarter to $37.34.