NEW YORK (
) - The Nasdaq fell Monday, ending eight straight days of gains and pushing down tech stocks.
dropped 3.2% to close at $143.88. The company announced last week that it had acquired cloud startup
for $212 million. Shares of Salesforce are up over 95% from the beginning of the year.
, meanwhile, closed down 5.6% at $183.80, as the company said
last week that Chief Financial Officer Barry McCarthy is stepping down.
chief executive Jeffrey Bewkes also bad-mouthed Netflix in a recent
New York Times
article, arguing the company is over-hyped.
Research in Motion
fell 2.2% to $60.81, as a new report said that Blackberry's share of smartphones at
plummeted from 90% in October 2009 to a current 19%.
Android phones are the reason for this downfall, ITG Investment Research says.
dropped 3.6% to close at $13.35, as the PC-maker announced that it had acquired storage solution provider
for $960 million. Dell will pay $27.75 per share, up from its bid last week of $27.50 per share.
In one of the rare bright spots for the tech sector Monday,
climbed 3.6% to $4.37.
analysts reiterated a "buy" rating on Sprint's stock, while
upped their price target on shares from $6 to $7.
--Written by Olivia Oran in New York.
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