Tech news

Tech stocks continued on a downward path on yet another day filled with angst over whether Congress will pass a $700 billion federal bailout package.
The Nasdaq slipped 78 points, or 3.8%, to 1991 in recent trading.
shares tumbled 8.6% to $19.06 after Morgan Stanley downgraded it to equal weight from overweight. The firm also slashed its third- quarter earnings estimate to 40 cents a share from 42 cents a share.
For 2009, Morgan Stanley expects

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Update 11:50 a.m. PDT, with additional M&A data from investment banking services firm The Jordan, Edmiston Group.
Tech mergers and acquisitions took a dive in the third quarter, with spending falling by a third compared with the same period last year, as Wall Street investment banks and financial institutions were rocked to the core, according to a report released Wednesday by
.
Tech deals fell to 691 transactions with a total value of $37 billion

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