SK Hynix said shipment growth would slow in the third quarter as it posted its first drop in quarterly profit in two years.» Read More
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
In a matter of seconds, Cramer lambastes three callers' stocks. Sometimes the truth hurts.
Stocks closed lower on Monday afternoon as investors took profits in financials, technology and energy, sectors that had been market leaders. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average all closed just above their lows for the day.
Micron Technology forecast that prices for memory chips used in consumer electronics would be down 30% to 40% this quarter from the previous one.
Computer chip maker Micron Technology has settled a class-action lawsuit alleging it engaged in price fixing and violated antitrust laws, a move that is expected to reduce its 2007 first-quarter earnings by as much as $80 million.