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Economic data weighs on tech sector

May 20, 2008 Market Outlook

Economic data weighs on tech sector

Microsoft reportedly looking to buy Yahoo’s search business

By Rex Crum, MarketWatch

Last Update: 10:28 AM ET May 20, 2008

SAN FRANCISCO (MarketWatch) — Technology stocks lost ground in early trading
Tuesday, with reports on the latest talks between Microsoft Corp. and Yahoo Inc.,
and Hewlett-Packard Co.’s upcoming earning results highlighting the sector’s
action.

Most tech stocks felt the broad-market impact of rising food and energy prices. A
Federal Reserve official also said that U.S. central bankers would likely hold
the line on short-tern interest rates in the coming weeks.

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Tags: Broad Market, Economic Data, Energy Prices, Federal Reserve, Federal Reserve Official, Hewlett Packard, Hewlett Packard Co, Interest Rates, Market Impact, Marketwatch, Microsoft, Microsoft Corp, Rex Crum, S Central, San Francisco, Search Business, Tech Stocks, Technology Stocks, Tern, Yahoo Inc