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Author: Elena Todorova
123jump.com
Last Update: 1:22 PM EST February 10 2006
Disappointing outlook from Pfizer and record-high trade deficit for 2005 sent stocks to the downside. Pfizer projected flat sales for 2006 and earnings of $2 a share, below estimates of $2.03. Oracle revealed that it had closed its $5.9 billion acquisition of Siebel Systems and will cut 2,000 jobs. Among today''s tech winners were TriZetto, up 17%, McAfee, up 12%, and Ultimate software rising 5%. Quality Systems, Intel, Apple and Microsoft declined. |
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