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Tech Winners & Losers: Intel

The Blackberry Storm is expected to be released on Nov. 21 for $199 -- the same price point as Apple's (AAPL - Get Report) popular iPhone.

Shares of Amazon (AMZN - Get Report) were down 3.8% to $39.98 after Banc of America cut its earnings estimates on the company for the year. It now expects a profit of $1.28 a share, down from $1.36 a share. Although the firm maintains a buy rating on the stock, it lowered its price target to $72 from $80 in light of a deteriorating economy.

"We anticipate that demand for large screen TV's and other higher ASP-consumer electronics will continue to be weak in this environment," Banc of America analyst Brian Pitz wrote in his research. "And note, AMZN has already warned of weakness in higher-ASP flat-panel TV sales."

Shares of Sprint-Nextel (S) were soaring on Thursday, by 14.9% to $2.24 . The company is offering voluntary buyouts to employees as a way to cut down on expenses.
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DELL $0.00 0.00%
AAPL $93.48 -1.40%
AMZN $661.12 9.80%
INTC $30.52 -1.90%
HPQ $12.35 -1.80%


Chart of I:DJI
DOW 17,777.48 -53.28 -0.30%
S&P 500 2,064.97 -10.84 -0.52%
NASDAQ 4,775.5350 -29.7560 -0.62%

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