|Cisco CEO John Chambers|
Nasdaq dive by more than 65 points. A barrage of analysts downgraded Cisco Thursday. On Friday, chip makers like Broadcom ( BRCM) and Marvell ( MRVL) felt the sting instigated by Cisco and saw their shares drop in intraday trading Friday. > > Bull or Bear? Vote in Our Poll Cisco's share price, down more than 11% since last week, closed flat on Friday at $21.36. Broadcom closed down nearly 3% to $31.93, Marvell closed down 1.02% to $14.51, and the Nasdaq shed 17 points to 2173.
After a tablet-developing hiatus, H-P's back in the game. "H-P is very excited about the slate category," an H-P spokesman said in an email to TheStreet late Friday. "H-P plans to use webOS from its recent Palm acquisition as well as Windows 7 from Microsoft for this category. WebOS products will span across smartphones, slates, netbooks and printers. Deployment of the Windows 7 slate will target the specific needs of select enterprise markets." Friday's blogosphere chatter of H-P's slate device, code-named Hurricane and reportedly launching in the first quarter of 2011, was probably a welcome relief from the H-P headlines that dominated earlier in the week. Since dismissing its CEO Mark Hurd, H-P's board said it was surprised by Hurd's attempts to defend his reputation, Oracle ( ORCL) chief Larry Ellison slammed H-P's board for how it handled Hurd's resignation, a Connecticut law firm filed a shareholder derivative lawsuit against H-P and -- lastly -- the Department of Justice is asking H-P to provide internal records in an international bribery investigation. Still no comment from H-P on when it expects to name its new CEO. H-P's stock, which is down 3.35% since last week, gained 0.77% to close at $40.45 Friday.
Lastly, Research In Motion's ( RIMM) new BlackBerry Torch quietly arrived at AT&T ( T) stores this week, but lines around the block -- which existed for the Droid X, iPhone 4 and various other smartphones -- were virtually non-existent. While our tests conclude that the BlackBerry Torch will more than satisfy current BlackBerry users, it will be a while before RIM catches up with Apple or various Android partners in terms of innovation and consumer wont. RIM closed down 1.42% at $53.40. Tech's Week Ahead Tune in Thursday to TheStreet, when we'll be live-blogging the results of a tech-heavy earnings day: H-P, Dell, Marvell and even small business supporter Intuit ( INTU) all report quarterly earnings after the bell. -- Written by James Rogers in New York.