Tech stocks were climbing with the rest of the major market indices, helped by new talk of
The Nasdaq jumped 1.4% to 1736 in recent trading.
slipped 9.4% to $14.05 after the company agreed to
about 30% of the current manufacturing capacity of the companies' joint ventures. SanDisk expects to receive cash and reduce equipment lease obligations by about $1 billion through the transaction.
The news comes ahead of SanDisk's quarterly earnings after the closing bell. Analysts anticipate a loss of 27 cents per share on $778 million in revenue.
were soaring 22.4% to $18.57 after the company terminated by mutual agreement a planned merger with
in light of the financial crisis.
"The Boards of Directors of HLTH and WebMD believe that, in the current economic environment, it is important for a growth company like WebMD not to be encumbered by $650 million in long-term debt that would be coming due in 18 to 36 months," said Martin Wygod, chairman of the board of HLTH and of WebMD, in a statement.
Shares of HLTH fell 14.6% to $7.77 in recent trading.
Research In Motion
( RIMM) shares were down 7.1% to $54.82 after Morgan Keegan cut its revenue growth estimates in 2009 to 84% in 2009 from its previous forecast of 92%. It also chopped its estimates for 2010, to 56% from 70%.
jumped 15.3% to $8 after the Stockholm-based telecom-gear maker posted
an unexpected 13% increase
in third-quarter revenue, boosting fellow network equipment makers.
saw its shares climb 6.8% to $12.80 after Goldman Sachs upgraded the stock to buy from sell, noting that it had fallen 40% from a year ago and calling it "too low to ignore."
shares were up 4.5% to $18.72 after Morgan Keegan upgraded the stock to outperform from market perform, noting that the company is well-positioned for a downturn due in part to its strong balance sheet.
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