Nasdaq falls despite Rise of Analog Devices and Texas Instruiments (BRCD, TI, ORCL, ADI, EMC, ORCL)

The Nasdaq Composite Index, which is composed of technology related stocks, dipped 0.31% falling to 2169.18 points. Despite strong gains from some technology companies, the index was weighed down by losses from Dell Inc. (NASDAQ: DELL), Oracle Corp. (NASDAQ: ORCL), EMC Corp. (NYSE: EMC) , Brocade Communications Systems, and IBM (NYSE: IBM) .

Dell Inc. fell 3.18% to $14.32 a share. Oracle Corp. shares also dropped as it fell to $22.14 to lose 2.04% from previous day’s market close. EMC Corp., the majority holder of WMWare Inc. (NYSE: VMW) , fell 1.17% to $16.94. IBM also dropped slightly, falling 0.21% to $127.93 a share. One of the largest losses came from Brocade Communications Systems Inc. (NASDAQ: BRCD) with losses of 8.95%. Brocade communications dropped after rumors that they were looking for buyers. Top executives from Brocade did confirm that they were looking to grow through Partnerships.

The fall from these stocks were countered to a small degree by the strong showing from Texas Instruments Inc. (NYSE: TI) which rose 0.56% to $25.28 a share. Texas Instruments is showing major signs of improvement after seeing demand begins to broaden out as their strategy to focus on analog/embedded devices paid off.

One of the largest gainers for the day was Analog Devices (NYSE: ADI) with gains of 6.44% to reach $29.74 a share. Analog Devices Inc. made use of better than expected earning to surge through the market today. Google Inc. (NASDAQ: GOOG) gained 0.13% to $583.09. Google Inc. recently acquired start up company, Teracent, to inject new life to their display ad business.