Research in Motion, Sony: Tech Winners & Losers (Update 1)
Netflix(NFLX) shares dropped 2.39% to $68.16 on Wednesday.
If the company is unable to obtain top film rights in the United Kingdom by next summer, it may ask British regulators to launch a second movie monopoly probe against News Corp(NWS) 's BSkyB, according to paidContent.
Adobe said it expects third-quarter revenue to be between $1.075 billion and $1.125 billion, slightly below Wall Street's forecast of $1.133 billion. Excluding items, the San Jose, Calif.-based firm expects to earn between 56 cents and 61 cents a share. Analysts surveyed by Thomson Reuters had predicted earnings of 61 cents a share. Shares declined 2.74% to $31.99 on Wednesday.
Shares of Advanced Micro Devices(AMD) rallied 4.30% to $6.06 on Wednesday after a slight decline on Tuesday.
Sony holds 9.4% of the flat panel TV market, but lags behind leader Samsung Electronics. Samsung holds a 26% market share, and LG Electronics has 14.6% of the market.
Check Point(CHKP) shares rose 3.93% on Wednesday, reaching $50.55, after announcing it had entered into a partnership with Radware(RDWR) , a provider of application delivery and application security solutions.
Under the agreement, Check Point will base its DDoS Protector appliances on Radware's Attack Mitigation System.