LATE TRADING: Flextronics Down; 3Q Views Below Wall St -2-
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NEW YORK (Dow Jones)--Flextronics International Ltd. (FLEX) fell 7% in post-market trading Monday after issuing third-quarter guidance that fell below analysts&#39; expectations.
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The roller coaster ride continues for investors in Research in Motion (RIMM:Nasdaq - news - research). The wireless company&#39;s stock fell nearly 12% on Friday to $77.
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Shares fall as company warns on global economy, 4Q forecast misses analysts&#39; estimates by 2 cents. CHICAGO  - Diversified manufacturer 3M Co.
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U.S. blue-chip stocks fell on Monday  as Dow component 3M Co. MMM.N posted results slightly below  Wall Street estimates and oil prices held near $55 a barrel.
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U.S. tech stocks fell on Wednesday  after Xilinx Inc. XLNX.O gave a reduced revenue outlook,  hurting the chip sector, while the Dow was slightly higher as  oil prices slipped after a government report showed a  higher-than-expected rise in distillate supply last week.
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U.S. technology stocks fell in light  trading on Thursday after a brokerage cut its forecast for the  semiconductor industry, while blue chips were flat as a  continued drop in oil prices eased investor worries.
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Contract electronics manufacturer Flextronics International Ltd  posted an adjusted third quarter profit that beat Wall Street forecasts on Tuesday, and reaffirmed its earnings and sales forecasts, sending its stock up nearly 5 percent.
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Plus: SunPower profit drops, but outlook brightens...AT&T earnings up on wireless growth...Nokia earnings soar, market share solid...Qualcomm results show strong demand...eBay warns of weaker 2008 results.
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U.S. tech shares fell on Monday, led by a drop in Apple Computer Inc.  after a brokerage downgrade and as investors bet chip maker Qualcomm Inc.  would lose in legal disputes to rival Broadcom Corp. .
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Most U.S. companies have reported earnings and the flow of economic data slows this week, so investors will look to U.S. trade figures and earnings from leading technology stocks Dell and Cisco for fuel to sustain the market's 2-week-old rally.
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Some say indexes dropped Thursday because investors are idling until some good news comes around. Maybe so, but the trading volume of the Nasdaq-100 tracking stock, which we use to get a better feel for how individual tech shares are selling, ...
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The Nikkei average fell for a third straight session to hit a two-week closing low on Friday as renewed earnings concerns prompted selling in Tokyo Electron Ltd.
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U.S. stocks fell on Monday, with tech shares giving back recent gains as a brokerage downgrade hit shares of Apple Computer Inc.  and a legal battle hurt chip maker Qualcomm Inc. .
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A weak forecast from Cisco marked another roller-coaster week for technology companies on the stock market.The Nasdaq, home to many tech companies, suffered a gut-wrenching 3.1 percent drop Tuesday after a U.S. service sector report showed a decline in the nonmanufacturing index from December to January. Though the index recovered somewhat during the rest of the week, the Tuesday drop was yet another demonstration that IT investors are worried that a broad economic slowdown will affect technology. The decline in the nonmanufacturing sector was the first such drop since the beginning of 2003.Cisco&#39;s earnings report&#160;on Wednesday reinforced concerns that the broader economy will have an impact on IT. Cisco forecast revenue for its current fiscal quarter to increase 10 percent, compared to analyst consensus expectations of 15 percent, according to Thomson Financial. On a conference call with analysts, CEO John Chambers said the upcoming quarters will be &quot;extremely challenging.&quot;Confirming fears of market watchers, he also noted that &quot;we are seeing our U.S. and European customers becoming increasingly cautious.&quot;However, sales for the fiscal quarter ending Jan. 26 were up by 16.5 percent to $9.8 billion. The company has been saying for some time that it will sustain double-digit growth through the rest of the decade by incorporating data, voice, video, and mobile capabilities -- its &quot;quadruple play&quot; -- across product lines.Despite the muted forecast, market watchers still have faith in the company. Company shares rose slightly the day after the report, closing at $23.38, up by $0.30.The &quot;quadruple play&quot; pitch still resonates with analysts, and several company watchers noted that Cisco shares have declined along with the wider market over the last few months, giving it a good valuation for long-term investors. Pacific Crest analyst Tim Daubenspeck upgraded the stock to &quot;Outperform&quot; from &quot;Sector Perform.&quot;&quot;Ultimately, we believe that many of the drivers are firmly in place for Cisco to achieve its long-term growth forecast of 12 percent to 17 percent,&quot; he said in a research note.Chambers&#39; cautious forecast, however, could have a bad effect on its suppliers and customers, including electronics manufacturing services and telecom companies. On Thursday, Qwest Communications dropped $0.29 to close at $5.27, Sprint Nextel declined by $0.6 to close at $9.56, and Nortel Networks dropped $0.55 to $10.99.In other telecom-sector news,&#160;Alcatel-Lucent&#160;on Friday said revenue for its fourth quarter increased 18 percent to $7.61 billion. The company, however, suffered a net loss of $3.76 billion, mainly because of a writedown related to the shrinking value of assets from Lucent. Company shares declined by $0.29 to $5.96 in midafternoon trading.Citigroup Global Equity Research said that the Cisco forecast does not bode well for electronics manufacturing suppliers. &quot;Simply put, this is not good news for EMS [electronics manufacturing services] companies,&quot; wrote Citigroup&#39;s Jim Suva in a research note.Such companies include Jabil Circuit, Celestica, and Smart Modular Technologies, he noted.In other technology sectors, Time Warner&#39;s plans to&#160;split up the Internet access and audience businesses of its AOL unit, reiterated by CEO Jeff Bewkes Wednesday, gave a temporary boost to Time Warner shares. Time Warner wants to grow AOL&#39;s ad-supported audience business, including online services and content.The company had said before that it would at some point run the two businesses as separate entities, to better focus on the advertising business. Nevertheless, company shares rose $0.31 Wednesday to close at $15.71.But the company has an uphill battle. In the fourth quarter, AOL&#39;s ad revenue increased 18 percent, less than the 25 percent industry average. And it faces not only Google, but a potentially strengthened Microsoft, if its&#160;bid to buy Yahoo&#160;succeeds.
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U.S. stocks slid on Thursday, after  earnings reports from eBay Inc. EBAY.O and Qualcomm Inc.  QCOM.O disappointed, while a survey showing a slowdown in  growth at U.S. Mid-Atlantic factories caused some concern.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall.
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Texas Instruments Inc.  posted  a lower quarterly profit on weak demand for its calculators,  and gave a disappointing revenue forecast for the third  quarter, sending shares down 3 percent on Monday.