Tech Stocks: Amazon, Qualcomm gains fail to lift tech sector at close (at MarketWatch)

SAN FRANCISCO (MarketWatch) -- Most technology stocks sagged on Thursday after Microsoft Corp. held court with analysts over its still-evolving strategy in wake of its failure to make a deal with Yahoo Inc., but investors did push up shares of Qualcomm Inc., Nokia Corp. and Amazon.com Inc. The tech-heavy Nasdaq Composite Index fell more than 45 points, or 2%, to close at 2,280, while the Philadelphia Semiconductor Index fell more than 4% and the Morgan Stanley High Tech 35 Index gave up 1.6%. Decliners included Apple Inc. and Cisco Systems Inc. fell 99 cents a share, or 3.8%, to $25.44. In its annual analyst day meeting, Chief Executive Steve Ballmer tried to allay fears about Microsoft's online business initiatives in the aftermath of its fruitless talks with Yahoo named Kevin Johnson its new chief executive, replacing Scott... [read full story]