Yahoo, VMWare fall as market plunges

Sunnyvale’s Yahoo Inc. (YHOO) and Palo Alto’s VMWare Inc. (VMW) showed the biggest declines Wednesday among the local stocks followed by the Examiner. Both fell by more than 7.6 percent in value by the market’s close, with Yahoo ending at $27.63, and VMWare at $102.50.

At the other end of the spectrum, the biggest gainers as of 1:30 p.m. Pacific Standard Time were Mountain View-based Verisign Inc. (VRSN), which went up by more than 1.4 percent, and Santa Clara-based Sun Microsystems Inc. (JAVA), which increased by more than 1.3 percent.

The markets were down overall, with the Dow Jones dropping more than 2.6 percent to close at 13,300.02, the Nasdaq falling 2.7 percent to 2,748.76 and the S&P 500 falling more than 2.9 percent to 1,475.62.

Local companies in the news included Cisco Systems Inc. (CSCO), which released fourth-quarter results showing an increase in profits, according to Reuters, and Santa Clara-based Agilent Technologies Inc. (A), which agreed to buy Menlo Park-based Velocity11.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Stanford team's robotic car wins $1 million
Next story
EA Donates SimCity to Laptop Initiative

Just Posted

San Francisco Police Chief Bill Scott leaves the scene of an officer-involved shooting at Brannan Street and Jack London Alley in the South Park area on Friday, May 7, 2021. (Kevin N. Hume/S.F. Examiner)
Chief Scott issues rare apology to man shot by SF police

Officer says he ‘did not intend for his firearm to go off’

Despite the pandemic, San Francisco has ended the fiscal year with a budget surplus. (Kevin N. Hume/S.F. Examiner)
Better than expected tax revenues leave city with $157.3M surplus for this year

As the fiscal year nears an end and Mayor London Breed prepares… Continue reading

Passengers board a BART train bound for the San Francisco Airport at Powell Street station. (Kevin N. Hume/S.F. Examiner)
BART bumps up service restoration to August 30, offers fare discounts

Rail agency breaks pandemic ridership records, prepares to welcome more passengers

Ashley and Michelle Monterrosa hold a photo of their brother Sean Monterrosa, who was killed by a Vallejo police officer early Tuesday morning, as they are comforted at a memorial rally at the 24th Street Mission BART plaza on Friday, June 5, 2020. (Kevin N. Hume/S.F. Examiner)
State Department of Justice to investigate Sean Monterrosa shooting by Vallejo police

Attorney General Rob Bonta steps in after Solano County DA declines case

Gov. Gavin Newsom, show here speaking at the City College of San Francisco mass vaccination site in April, faces a recall election due to anger on the right over his handling of the pandemic, among other issues. (Kevin N. Hume/S.F. Examiner)
Why Gavin Newsom’s popularity could work against him in the recall election

Top pollster: ‘We’re not seeing the Democrats engaged in this election. And that may be a problem…’

Most Read