NEWS According to Reuters, West Coast-based investment bank Robert Stephens has lowered its rating on companies in the data availability and protection sectors including Cacheflow Inc, Netegrity Inc and Quest Software Inc.
US tech stocks take a beating
US technology stocks have experienced a bad day as investors reacted badly to uninspiring profits turned in by a number of technology giants. Nasdaq fell by 2.91 per cent to 2,398.72 points.
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