Technology Sector Review: Baidu’s New Media Player, Apple Creating Jobs

Canadian Solar Inc. (NASDAQ:CSIQ), First Solar, Inc. (NASDAQ:FSLR): In Japan, the solar industry may move to the forefront as regulatory changes and its nuclear power crisis create an opening for equipment makers there and abroad, reports the Wall Street Journal.

CSIQ shares closed at $3.40, down $0.34, or 9.09%, on the day. Its market capitalization is $148.01 million. FSLR shares closed at $28.08, down $1.94, or 6.46%, on the day. Its market capitalization is $2.43 billion.

Apple Inc. (NASDAQ:AAPL): According to a message on Apple’s website, “A study by Analysis Group found that Apple has directly or indirectly created 304,000 U.S. jobs. These jobs spread across all 50 states include thousands of jobs in numerous industries, from the people who create components for our products to the people who build the planes and trucks that carry them to our customers. Together with the 210,000 iOS jobs generated by the app economy, these 304,000 jobs make a total of 514,000 U.S. jobs created or supported by Apple.”

The shares closed at $533.28, down $11.9, or 2.18%, on the day. Its market capitalization is $497.21 billion.

Microsoft Corporation (NASDAQ:MSFT): Activision Blizzard (NASDAQ:ATVI) announced that Microsoft (NASDAQ:MSFT) veteran Dennis Durkin has been named CFO of the company, reporting to Bobby Kotick, CEO. Durkin assumes the position from Thomas Tippl, who has been serving in the CFO position on an interim basis since his promotion to COO in 2010. As the company’s COO, Tippl will continue to oversee Activision Publishing’s and Blizzard Entertainment’s operational activities as well as the company’s Strategic Planning, Global Sales and Supply Chain, IT, Legal and Human Resources departments.

The shares closed at $31.80, down $0.28, or 0.86%, on the day. Its market capitalization is $266.83 billion.

Intel Corporation (NASDAQ:INTC): The Semiconductor Industry Association announced that worldwide semiconductor sales were $23.1B in January 2012, a 2.7% decrease from the month prior when sales were $23.8B. All monthly sales numbers represent a 3-month moving average. Semiconductor sales are expected to improve due to positive demand drivers, an improved U.S. economic outlook and the resolution to the floods in Thailand.

The shares closed at $26.54, down $0.38, or 1.39%, on the day. Its market capitalization is $132.59 billion.

Baidu.com, Inc. (NASDAQ:BIDU): Baidu (NASDAQ:BIDU) newly released multipurpose media player could be a threat to video aggregators from Qihoo 360 (NYSE:QIHU) and Youku (NYSE:YOKU), according to TechNode.

The shares closed at $136.66, down $4.77, or 3.37%, on the day. Its market capitalization is $47.71 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com