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Tech stocks slipped into the red Friday, along with the major market indices, despite strong earnings reports from companies such as Activision(ATVI Quote), Priceline.com(PCLN Quote) and RealNetworks(RNWK Quote).
Shares of video-games publisher Activision added $3.12, or 11.3%, to $30.82 after the company topped Street expectations for the fourth quarter and offered a strong outlook for the year.
Activision reported net income of $44.2 million vs. a loss of $14.4 million, the year before. Excluding charges, it posted earnings of 17 cents a share, compared with a loss of 4 cents a share a year ago. Revenue rose 92.8% to $602.5 million, beating Street expectations of 5 cents a share in earnings on revenue of $373.1 million. ...
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