InternetTech Stocks Follow Microsoft, Google Lower

Results from Microsoft and Google raise fears that technology spending may be slowing.

Technology stocks played a game of follow the leader on Friday, and the leaders were mostly headed lower. Google (NASDAQ: GOOG) fell nearly 10% after missing earnings estimates, and Microsoft (NASDAQ: MSFT) lost 6% after lowering sales guidance. Along with another tough quarter for AMD (NYSE: AMD), the results raised fears that the year-long turmoil in financial and credit markets may be starting to weigh on technology spending. The result was a 1.3% loss for the Nasdaq, even as the Dow eked out a modest gain on better than expected results from Citigroup (NYSE: C) and IBM (NYSE: IBM), which hit a new all-time high after posting another stellar quarter on strength in its services business. Overstock.com (NASDAQ: OSTK) plunged 41% after posting a loss. Next week will be another busy one for earnings reports, with Apple (NASDAQ: AAPL) and Texas Instruments (NYSE: TXN) set to report Monday night. Yahoo (NASDAQ: YHOO) and VMware (NYSE: VMW) will report Tuesday after the close, and results from Wachovia (NYSE: WB) and Washington... [ Read more on www.internetnews.com ]

InternetRIM Fixes BlackBerry Enterprise Server Vulnerability (TechWeb)

TechWeb - InformationWeek - The flaw could let malicious PDFs cause problems with the BlackBerry Enterprise Server.

InternetPicture Leak: O2's Security Through Obscurity Can't Stop Google (TechWeb)

TechWeb - InformationWeek - Some O2 customers' private photos taken with their mobile phones are publicly accessible online.