Updated from 12:52 p.m. EDT
Tech stocks were flat Friday, as individual names moved modestly on analyst notes and other minor news.
added 4.3% after a Bernstein analyst said the price could go to $45 a share if it outsourced search, cut jobs and restructured display advertising, according to
. Shares gained $1.01 to close at $24.73.
rebounded from two days of declines, gaining 2.6% after a Goldman Sachs analyst said the stock was being unfairly pressured by concerns over flash memory prices, according to the
. Shares added $1.30 to close at $51.29.
edged 1.9% lower after delaying its fiscal second-quarter report Thursday after the bell. The PC maker, in a filing with the
Securities & Exchange Commission
, said it would hold off on filing results for the quarter ended Aug. 3 until it completes its restatement of results from 2003 through the first quarter of fiscal 2007. An audit committee has been conducting an independent probe of the company's accounting and financial practices. Shares lost 50 cents to close at $26.39.
also were off 1.7% after Merrill Lynch downgraded the chipmaker to neutral from buy. Shares dipped 42 cents to $24.93.
rose 4% after Morgan Keegan upgraded it to outperform from market perform. The firm cited overly negative market sentiment ahead of new product launches. Shares edged up 59 cents to close at $15.50.
Yahoo!, SanDisk, Dell and Intel are components of the Nasdaq 100, which was up 2.19 points to 2000.82.
Earnings news was moving other tech stocks.
jumped 9.7% after the software maker offered a fiscal 2008 outlook rosier than Wall Street expected. The company expects fiscal 2008 revenue to grow between 10% and 13% from fiscal 2007 and non-GAAP net income per diluted share of between 94 cents and $1. Analysts polled by Thomson Financial expect earnings of 94 cents a share on revenue of $61.5 million, a 10.1% increase from 2007. Shares closed up $1.55 to $17.47.
On the flip side,
sank 11.7% after
lowering its sales expectations for the third quarter. Citing below-normal seasonal demand from North American distributors, Lattice predicted revenue to be flat to down 2% compared to the year-ago period, which suggests $58 million to $59.2 million. Earlier it had forecast between flat revenue to a 4% increase. A Thomson Financial poll of analysts looked for revenue of $60.7 million. Shares lost 65 cents to close at $4.91.