Microsoft Corp's billion-dollar-plus revenue shortfall in its fiscal fourth-quarter abruptly dampened hopes that demand for PCs was on the mend and sent a spate of tech stocks tumbling after-hours on Thursday.
While Wall Street has rallied on better-than-expected quarterly results from chipmakers Intel Corp and Texas Instruments Inc this month, Thursday's disappointing batch of earnings underscored the challenges still facing many technology businesses.
"The problem is people have been running all stocks up, there's hasn't been any kind of differentiation at all," said Dan Niles, co-Chief Investment Officer of Alpha One Capital Partners.
Read more
Showcase your ideas, writing, and personal site to readers.
Make a secure online donation to