The Coming Week in Europe: Focus to Stay on Volatile Techs

BERLIN -- Next Friday in Oslo, Norway, the winner of this year's Nobel Peace Prize will be announced, and one thing is for certain: Europe's tech and telecom stocks have done their collective best not to win.

The coming week is likely to be anything but peaceful for investors with fat technology-media-telecom, or TMT, portfolios, following the precipitous drop of some shares late Friday. Europe's leading technology index, Frankfurt's Neuer Markt Nemax 50 fell 286.50, or 5.7%, to 4713.6, after dipping as much as 7% at one point.

After a slew of earnings warnings from U.S. sector leviathans such as Apple (AAPL Quote), Dell (DELL Quote) and Intel (INTC Quote), the footing of Europe's leading techs was tenuous at best, and last week many Neuer Markt heavyweights got slammed with double-digit losses. Intershop (ISHP Quote), the e-commerce darling that just listed on the Nasdaq Composite Index last week, actually shed a quarter of its total value in Frankfurt on Friday, before closing down 15.80 euros, or 22%, at 55.49 ($48.40). ...