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Top Tech Losers today - WFR, BIDU, IGT

MEMC Electronic, Baidu, International Game Technology were the Top Tech Losers .

 



(EMAILWIRE.COM, October 28, 2009 ) Dallas, TX - MEMC Electronic Materials, Inc. (NYSE:WFR) plunged 7.14% to close at $12.62 on 11.75 million shares. The stock hit an intraday high and intraday low of $13.81 and $12.59 respectively. So far the stock price declined over 16% in last six months of trade. Memc Electronic Materials Inc is engaged into designing, manufacturing, and selling of silicon wafers. Its customers include major semiconductor device and solar cell manufacturers.

Baidu, Inc.(ADR) (NASDAQ:BIDU) was the active loser of today`s trade as it slipped 11.39% to $383.66 on unusual volume of 10.59 million shares after Baidu.com, Inc. announced that for the fourth quarter of 2009, it expects to generate total revenues in an amount ranging from RMB1.190 billion to RMB1.230 billion. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue $202 million for the same period.

International Game Technology (NYSE:IGT) corrected 6.67% or $1.37to close at $19.16 on over 9.47 million shares. The stock hit an intraday high and intraday low of $20.31 and $18.79 respectively. So far the stock price jumped over 84% in last six months of trade. International Game Technology is a global gaming company specializing in the design, manufacture, and marketing of electronic gaming equipment and network systems, as well as licensing and services. The Company maintains an array of entertainment-inspired gaming product lines.

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