|
| Monday, May 22, 2006 |
SAN FRANCISCO -- Technology stocks started under pressure Monday, with the biggest losses coming from the chip sector as more concerns of suspicious stock option dating surfaced.
The tech-heavy Nasdaq Composite Index fell more than 14 points, with Apple Computer Inc., Cisco Systems Inc., and Dell Inc. all losing ground.
The Morgan Stanley High Tech 35 Index dropped nearly 3 points, while the Goldman Sachs Hardware Index both lost more than 1 point.
The Philadelphia Semiconductor Index dropped more than 11 points. The biggest percentage decliners included Trident Microsystems Inc and KLA-Tencor Corp. The companies were stung by a Wall Street Journal article that raised questions about the timing of certain stock option grants to executives.
Trident Micro, a maker of TV chips, fell $4.37, or 16%, to $22.97. KLA-Tencor, the No. 2 U.S. chip-equipment provider, skidded $2.88, or 6.4%, to $42.36. Other chipmakers on the decline included Broadcom Corp. Marvell Technology Group, and SIRF Tech. |
|
|
|
