Tech stocks were largely flat on Friday along with the rest of the major market indices after Congress tried to ease the dour mood on Wall Street by passing a $700 billion bailout package.
The Nasdaq gained only 7 points - less than 1% -- to 1983.
shares were on a roller coaster ride after a false rumor emerged that the company's revered leader, Steve Jobs, had suffered a heart attack.
The stock plummeted but came back up after Apple denied the report. It then dipped 2% to $98.12, falling below the $100 mark for the first time since May 2007.
saw its shares fall 4.7% to $42.12 after UBS lowered its rating to sell from buy, noting signs of potential softness in utilization rates.
were falling 4.9% to $12.12 after the company disclosed in a SEC filing on Thursday that two of its directors had resigned this week: Janice Chaffin, a group president with Symantec, and Carl Yankowski, a former CEO of
. Infornatica said the departures were not the result of any disputes with management.
were also down after Goldman Sachs cut estimates on the company for the next three years. The firm also lowered its price target to $56 from $64.
The stock fell 4.1% to $46.86 in afternoon trading.
tumbled 9.2% to $7.99 after Friedman Billings cut its rating to market perform from outperform and lowered its earnings estimate for next year to $1.35 a share from $1.82 a share. The firm also expects gross margins for the disk drive equipment maker to be lower than expected.