Saturday, August 4, 2012

Tech stocks close day with mixed results

SAN FRANCISCO (MarketWatch) � Mild market reaction to Apple Inc.�s stock on the day the company released its latest version of the iPad colored trading action Friday on what ended up being a mixed day for tech stocks.

Click to Play Apple's new iPad goes on sale

Shoppers began purchasing the third-generation iPad on Friday, as the technology giant tries to widen its lead in the fast-growing market, Tomi Kilgore reports. (Photo: Getty Images)

Apple AAPL , which had flirted with reaching $600 a share on Thursday, fell early and ended the day with a gain of just a penny at share at $585.57 a share as consumers waited in lines to be among the first to buy the newest model of the iPad. Read more about the release of the new iPad.

With Apple in the spotlight, the Nasdaq Composite Index COMP �fell just 1 point to close at 3,055. The Philadelphia Semiconductor Index SOX �and the Morgan Stanley High Tech 35 Index MSH managed to edge into positive territory by the closing bell.

/quotes/zigman/68270/quotes/nls/aapl AAPL 615.70, +7.91, +1.30%

Gainers included cloud-based software firms Demandware Inc. DWRE , which rose $3.41 a share, or more than 14%, to close at $27, and chip maker M/A-Com Technology Solutions Holdings Inc. MTSI , up $1.20 a share, or almost 6%, to end the day at $21.75, a day after both stocks made their public-trading debuts.

Small advances also came from Dow components International Business Machines Corp. IBM and Cisco Systems Inc. CSCO �as well as Texas Instruments Inc. TXN �and online-travel site Priceline.com Inc. PCLN

Among leading tech stocks in red, decliners included Netflix Inc. NFLX , Oracle Corp. ORCL , Micron Technology Inc. MU �and Dell Inc. DELL . Read about whether Dell�s purchase of SonicWall is �material� in Rex On Techs.

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