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JUL 19, 2013 - MarketWatch

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Microsoft, AMD, Google lead tech retreat

SAN FRANCISCO (MarketWatch) - Technology stocks were mostly lower Friday, as disappointing results from Microsoft Corp., Advanced Micro Devices and Google Inc. caused those shares to slide in early trades. Microsoft shed more than 9% at the opening bell, a day after missing Wall Street targets. The stock was downgraded by at least two brokerages. AMD traded down more than 13%, after the chip maker swung to a loss. The stock also was hit by at least two downgrades on the company's results. Google gave up more than 3% after the search giant reported a higher profit, but also missed ... Read More

Tags: Microsoft, AMD, Google lead tech retreat,  Advanced Micro Devices Latest News