Tech. Stocks Movers After Earnings (AT&T, NOK, CRUS, CY)

AT&T Inc (NYSE:T) declined 3.03% to $27.86 after the Company released fourth quarter 2010 results. Revenues rose 2.1% to  $31.4 billion. Net income was $1.1 billion, or $0.18 per diluted share versus $2.7 billion or $0.46 per diluted share in the fourth quarter of 2009. Nokia Corporation (ADR) (NYSE:NOK) plunged 1.3% to $10.59.The Company reported fourth quarter net profit of euro745 million ($1.02 billion) compared to euro950 million in the last quarter of 2009. Sales rose 6% to euro12.6 billion ($17.2 billion). Cirrus Logic Inc (NASDAQ:CRUS) jumped up 10.27% to $19.76 after the Company released third quarter results. Revenue for the quarter rose 47% to $95.6 million. GAAP net income for the quarter was approximately $24.6 million, or $0.34 per share. Cypress Semiconductor Corporation (NASDAQ:CY) moved up 5.78% to $21.60 after the Company released fourth quarter 2010 results.  Net income was $9.1 million and diluted earnings per share were $0.05 in fourth quarter 2010. GAAP revenue for the 2010 fourth quarter was $220.3 million.
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