Genentech takes a tumble

South San Francisco-based Genentech Inc. (DNA) fell more than 3.6 percent by the close of the markets Monday, the largest change seen among local stocks tracked by the Examiner.

Applied Materials Inc. (MAT) also fell more than 3.3 percent, while on the positive side, Palo Alto-based VMware Inc. (VMW) rose more than 3.9 percent and San Jose-based SunPower Corp. (SPWR) rose more than 2.4 percent.

The markets closed down overall, with the Dow Jones down 0.4 percent, the Nasdaq down 0.9 percent and the S&P 500 down 0.5 percent.

Companies in the news include Cupertino-based Apple Inc. (AAPL), which was sued by Klausner Technologies for alleged patent infringement, and Redwood City’s Electronic Arts (ERTS), which faces intensified competition with the merger of Vivendi SA and Activision to create a new game-making giant, Activision Blizzard. 

Just Posted

ACLU warns BART panhandling and busking ban is ‘unconstitutional’ — and could lead to lawsuits

Elected BART leaders are considering banning panhandling and busking — playing music… Continue reading

Jeff Adachi’s family disputes finding that public defender died of toxic drug mix

Independent expert concludes manner of death was natural

S.F. mural debate follows students during first week of school

Classes started Monday at George Washington High School, but the fallout of… Continue reading

New Chinatown station to be named for Rose Pak, but opponents vow to keep fighting

Debate over power broker’s legacy exposes deep rifts in Chinese community

City shutting down long-term mental health beds to expand hospital Navigation Center

The City is preparing to close dozens of permanent, residential treatment beds… Continue reading

Most Read