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Tech Winners & Losers: Yahoo!

Microchip Technology (MCHP - Get Report) shares fell 8.5% to $23.12 after Goldman Sachs downgraded the stock to sell from neutral as a result of a slowdown in the company's core growth and the impact of increased competition. The firm cut Microchip's price target to $21 from $26.

VMware (VMW - Get Report) shares also declined on Wednesday, by 10% to $27.51. Merrill Lynch downgraded the stock to neutral from buy, but raised its price target to $31 from $26.

Shares of IAC/InterActive Corp (IACI) were up 3.3% to $17.14 after beating Wall Street's third-quarter estimates.

Without one-time events and expenses related to its spinoffs, IAC would have earned 25 cents per share, well above analysts' expectations of 16 cents per share. Third-quarter revenue rose 10% to $369.3 million, topping estimates for $355.4 million.
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IACI $51.99 10.10%
GOOG $701.43 0.00%
MCHP $47.82 0.00%
MSFT $49.94 0.00%
TWC $212.52 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

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