VMWare, Cisco fall as tech stocks take hit

Wall Street was able to stop the bleeding somewhat on Thursday, but Bay Area technology companies continued to suffer. Palo Alto-based VMWare (VMW) fared worst, losing 10.62 points to close at 91.88, a 10.36 percent drop. San Jose's Cisco Systems, Inc. (CSCO), lost 3.12 points to close at 29.63, falling 9.53 percent. 

The Gap, Inc. (GPS), based in San Francisco, fared better than all other Bay Area companies tracked by The Examiner, finishing at 19.36, an increase of 1.21 points or 6.67 percent. San Francisco's PG&E (PCG) was close behind, finishing at 45.45, an uptick of 1.74 points or 3.98 percent.

The Dow Jones industrial average fell 33.73 points (0.25 percent), to close at 13,266.29, while the Nasdaq fell 52.76 points (1.92 percent), closing at 2,696.00.

Cisco was at the epicenter of financial news after its lackluster fiscal first-quarter results pointed to a slowdown in U.S. business spending, according to the Associated Press.

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