European tech stocks brush off IBM warning

NEWS Despite IBM's unnerving profit warning yesterday, European tech stocks this morning were the biggest share price gainers. Semiconductor design company ARM added 4.5 per cent to its value to hit 286p while SME accountancy software company Sage also gained 4.5 per cent to 216p. Finnish giant Nokia was also among those to get off to a positive start this morning. The mobile phone maker was up 2.5 per cent on the Stockholm exchange. However, initial morning gains by FTSE giant Vodafone were negated later in the day as its share price dipped 1.8 per cent to 124.5p. Yesterday IBM shares fell by 10 per cent, which equates to more than $9.