By Dow Jones Business News, October 09, 2013, 04:30:00 PM EDT
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Enthusiasm over comments from Chief Executive Meg Whitman about the prospects for
Hewlett-Packard Co. gave a big lift to the tech giant's shares Wednesday and claimed the spotlight on what was an
otherwise mixed day for the tech sector.
H-P ( HPQ ) shares rose almost 9%, to close at $22.60, after Whitman said she expects H-P's sales to stabilize and that
the company is seeing "pockets of growth." Whitman made the comments at H-P's annual analyst meeting, held in San Jose,
Apple Inc. ( AAPL ) managed to climb more than 1%, to close at $486.59. The company said its new iPhone 5C and 5S
smartphones would be available in more than three dozen more countries starting Oct. 25, including Russia, Italy and
Among other leading tech stocks, IBM Corp. ( IBM ) shares rose 1.5% and Microsoft Corp. ( MSFT ), Seagate Technology (STX)
and EMC Corp. ( EMC ) also edged into positive territory.
However the tech-heavy Nasdaq Composite Index (RIXF) lost ground for a third-straight day, falling 17 points to 3,677.
The Philadelphia Semiconductor Index (SOX) also closed in the red.
Early market enthusiasm over President Obama's plans to nominate Janet Yellen as the next Federal Reserve chairwoman
waned, and the majority of the tech sector turned south along with the broader market.
The Internet sector, in particular, headed into the red. Groupon Inc. (GRPN) fell 2.5% to $10.26, Netflix Inc. (NFLX)
dropped 4.6% to $288.43, Angie's List Inc. (ANGI) fell 7% to $14.58 and Pandora Media Inc. (P) fell 2% to close at $
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