Tech stocks continue their deep slide on Wednesday, with only a few bright spots in an otherwise grim day of trading.
The Nasdaq was off 81 points, or 4.8%, to close at 1616.
shares also fell, by 7.6% to $23.78 after it
for third-quarter earnings due to
high upfront costs of its iPhone 3G and its own weak results of its wireline.
Meanwhile, Apple shares were up 5.9% to $96.87 after posting a 26% increase in
. Revenue rose to $7.9 billion from $6.22 billion in the same period last year.
plunged 31.6% to $10.09 after Samsung
offer to buy the chipmaker.
The news comes two days after SanDisk
and said it would sell 30% of its chip manufacturing capacity to Toshiba.
shares were up 3% to $9.98 after posting a 13% increase in sales but a 17% drop in profit
The storage specialist said its fourth-quarter results may come in at the low end of Wall Street's estimates.
were up 2.7% to $12.39 after it posted third-quarter results
but fell short on revenue. The company said it was cutting 10% of its workforce, or about 1,500 jobs, in the fourth quarter.