Microsoft, Motorola, Yahoo rattle market

An analyst cuts sales and earnings targets for Microsoft; Motorola issues an earnings warning; other analysts downgrade Yahoo, Scient and a trio of stocks in the satellite TV sector.

CNET News staff

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CNET News staff

Jan. 2, 2002 4:43 p.m. PT

latest developments

A slew of bad news hits the tech sector: An analyst cuts sales and earnings targets for Microsoft; Motorola issues an earnings warning; other analysts downgrade Yahoo, Scient and a trio of stocks in the satellite TV sector.

Tech stock woes continue
John Powers, managing director, Robertson Stephens
Analyst trims forecast for Microsoft
update Citing sluggish PC demand, Goldman Sachs reduces its sales and earnings targets for the software maker while maintaining its rating on the stock.

Motorola cuts expectations
update The cell phone and semiconductor maker now expects fourth-quarter sales to be $10 billion, with earnings of 15 cents a share, down from already reduced levels of $10.5 billion and 27 cents a share.

Yahoo again downgraded on ad sales concerns
update Shares of the Web giant drop nearly 7 percent after a Wall Street analyst downgrades the stock to "neutral," citing concerns about weakness in the online advertising market.

Analyst reports: Wall Street shuns Scient, other e-consultants
update The e-consulting niche slips further from Wall Street's good graces, a day after one of the sector's best-known players announces massive layoffs and lowered earnings expectations.

Satellite sector slips on analyst downgrade
Several stocks in the satellite TV sector suffer after an influential analyst downgrades the equities, fearing short-term troubles.