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Tech Stocks Down with Motorola, Inc. (Motorola, Inc., TSM, AMSC, Apple Inc.)

Tech Stocks Down with Motorola, Inc.

 



(EMAILWIRE.COM, July 30, 2010 ) New York, NY -Motorola, Inc. (NYSE:MOT) lost 0.91% to $7.61 on 78.01 million shares. The company today reported sales of $5.4 billion in the second quarter of 2010. The GAAP earnings in the second quarter of 2010 were $162 million, or $0.07 per share, which compares to GAAP earnings of $26 million, or $0.01 per share, in the second quarter of 2009.

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Motorola, Inc. provides technologies, products and services for mobile phones. Its portfolio includes wireless handsets, wireless accessories, digital entertainment devices, set-top boxes and video distribution systems, analog and digital two-way radios, wireless and wire line broadband network products, and end-to-end enterprise mobility products.

Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) decreased 2.68% to $10.18 with over 21.03 million shares. The company posted a record quarterly profit well above forecasts as it churned out more chips with more advanced technology to meet rising demand for new PCs, phones and other high-tech goods.

The company said on Thursday it earned a net profit of T$40.3 billion ($1.3 billion) in April-June versus T$24.44 billion a year ago and well above a consensus forecast of T$35.2 billion from Thomson Reuters.

American Superconductor Corporation (NASDAQ:AMSC) lost 6.63% to $30.55 on over 1.25 million shares. The company reported first-quarter net income of $9.2 million, or $0.20 per share, compared with net income of $1.8 million, or $0.04 per share in the first quarter of fiscal 2009. Non-GAAP net income was $13.0 million or $0.28 per share for the first quarter of 2010, up from $5.5 million or $0.12 per share in the prior year quarter.

Apple Inc. (NASDAQ:AAPL) dropped 1.09% to close at $258.11. Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions.

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