Updated from 2:12 p.m. EST with new stock prices
Tech stocks headed lower as the broader indices slipped on the last trading day of 2007. However, the tech-heavy
index seemed poised to end the year nearly 10% higher.
rose 15% after the company said it has settled three patent disputes with
Vonage, which recently settled disputes brought by
, said it will not pay Nortel any money as part of the settlement. Shares of Vonage were up 30 cents to $2.30. Nortel was off 15 cents, or 1%, to $15.09. AT&T fell 88 cents, or 2.1%, to $41.56.
Research In Motion
capped the year by giving up some of its gains. RIM was off $3.54, or 3%, to $113.40. The stock has run up a whopping 165% this year.
mostly held its ground, with shares off $1.75, or 0.9%, to $198.08. The stock soared nearly 138% this year.
Chip stocks, which have been
under pressure the last few months, held their ground despite an industry report that November worldwide chip sales saw the weakest growth of the last five years.
Global semiconductor sales in November were up 2.3% from a year ago to $23.1 billion, according to the Semiconductor Industry Association.
At this time last year, global chip sales had increased 11.3% year to year.
lost 10 cents, or 0.4%, to $26.66.
was off 5 cents, or 0.2%, to $33.44.
climbed 2.5%% to $7.50.
was down 2% following a report from Globes, an Israeli business news site, that the company is in talks to buy Israeli data storage startup
XIV Information Systems
for $300 million to $350 million. Shares fell $2.19 to $107.90.