No. 1 PC maker HP (HPQ - Get Report) was another tech heavyweight in the spotlight. HP's shares spiked Wednesday after The Wall Street Journal reported that potential purchasers are evaluating the company's Autonomy and EDS units. A representative for HP told TheStreet that the company doesn't comment on speculation. There have been plenty of rumors, though, about HP carving off parts of its business. In a recent regulatory filing with the Securities and Exchange Commission, HP said it will "continue to evaluate the potential disposition of assets and businesses that may no longer help us meet our objectives." HP shares ended the week up 5.9% at $17.11.
Tech earnings season kicked off with fourth-quarter results from Intel (INTC - Get Report) on Thursday. The No. 1 chipmaker beat Wall Street's estimates, but offered weaker-than-expected guidance. For the first quarter, Intel predicts revenue of $12.7 billion, plus or minus $500 million. Analysts surveyed by Thomson Reuters expected $12.9 billion in sales and earnings of 39 cents a share. For the full year, the Santa Clara, Calif.-based firm expects a low single-digit percentage increase in revenue. Intel's guidance weighed on the company's shares, which ended the week down 3.2% at $21.25.
eBay (EBAY) beat Wall Street's fourth-quarter estimates on Wednesday, boosted by mobile and Marketplaces growth. For the first quarter, eBay forecast revenue of between $3.65 billion and $3.75 billion, compared to analysts' prediction of $3.795 billion. Excluding items, the auction site expects earnings between 60 cents and 62 cents a share. Analysts surveyed by Thomson Reuters were looking for earnings of 63 cents a share. eBay shares ended the week up about 1.0% at $54.21.