Thursday's Tech Winners & Losers

Apple climbs above $200.
Author:
Publish date:

Updated from 1:55 p.m. EST with new stock prices

Tech stocks were mostly in the red Thursday, as Wall Street traded lower following the report of a weak increase in durable goods orders and the assassination of Pakistan opposition leader Benazir Bhutto.

Apple

(AAPL) - Get Report

shares fell 38 cents, or 0.2%, to $198.57. Media reports also suggested that Apple and

News Corp.'s

(NWS) - Get Report

Twentieth-Century Fox are likely to announce a deal to make Fox movies available for rent through the iTunes store. Apple shares crossed the $200 mark for the first time ever on Wednesday.

Online retailer

Amazon.com

(AMZN) - Get Report

gained 1.5% after the company said it has partnered with

Warner Music Group

(WMG) - Get Report

to offer copyright protection-free music and audio content to its users. Amazon's digital music store will have songs and albums that can be played on any personal digital music player, the company said. Shares of Amazon.com were up $1.40 to $94.25.

Chinese search engine

Baidu.com

(BIDU) - Get Report

continued to gain, adding 2.4% on Thursday. The stock was up $9.53 to $409.20. Baidu shares had added nearly 15% since Dec. 17.

Online travel site

Orbtiz

(OWW)

gave up some of its gains from Wednesday, and was down 82 cents, or 8.8%, to $8.60. The stock had been downgraded by Stifel Nicholaus to hold from buy last week citing increased competition and the possibility that a slowdown in consumer spending could affect travel. Orbitz had fallen nearly 4% following the downgrade.

Shares of

EMC

(EMC)

were off after the company said it will acquire document management software company,

Document Sciences

(DOCX)

, for $85 million. The deal is expected to close in the first quarter of 2008. Document Sciences shareholders will receive $14.75 a share in cash -- a 79% premium to the stock's closing price of $8.23 Wednesday, said EMC. EMC was off 49 cents, or 2.6%, to $18.47. Shares of Document Sciences jumped $6.26, or 76%, to $14.49.

Intel

(INTC) - Get Report

was down 2.3%, a day after the company disclosed that financing terms had changed for a deal with

STMicroelectronics

(STM) - Get Report

and private equity firm Francisco Partners to form an independent flash memory company. The closing of the deal has now been extended to March 2008. Shares of Intel fell 62 cents to $26.83. Shares of STMicro were down 19 cents, or 1.3%, to $14.32.

Leap Wireless

(LEAP)

fell 4.8% after the company said Wednesday it restated its annual and quarterly financial statements from 2004 to 2006 to correct errors related to the timing of recognition of some of its revenue. Shares of Leap were off $2.37 to $47.48.