Salesforce Jumps, But H-P, Microsoft Slip August 30th, 2013 by admin
By Benjamin Pimentel
SAN FRANCISCO – Shares of Salesforce.com jumped more than 9% Friday morning a day after the business software company blew past Wall Street estimates. Also on the rise were shares of Splunk Inc. , up 8%, after the data-analysis company raised its revenue outlook. But the tech sector was weighed down by declining shares of Hewlett-Packard Co. and Microsoft Corp. , which were the worst performers on the Dow Jones Industrial Average which was off 23 points. IDC reported Thursday that PC sales are now also slowing in emerging markets. The Nasdaq Composite Index shed 0.1% to 3,617. The Philadelphia Semiconductor Index was down 0.2%.