Tech stocks slipped into the red Wednesday as Wall Street grappled with weak economic data and signs that the liquidity crisis continues to linger.
Motorola(MOT Quote) was up 17 cents, or 1.7%, to $9.93 after the company caved to billionaire investor Carl Icahn and said it plans to split its business into two and break its mobile business into a separate venture. The other part of Motorola would focus on network gear and television set-top boxes.
Shares of wireless broadband provider Clearwire(CLWR Quote) were up 91 cents, or $6.8%, to $14.30 on a Wall Street Journal report that Comcast(CMCSA Quote) and Time Warner(TWX Quote) could fund Clearwire's WiMax project. The new wireless venture is expected to be operated by Clearwire and Sprint Nextel(S Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet