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Company shares drop nearly 5 percent in after-hours trading after the software giant reports a decline in quarterly profit.
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Company reports $1.05 billion in second-quarter profit on sales of $7.51 billion, beating analysts' expectations.
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Shares of Yahoo, Apple, Hewlett-Packard, Intel, AMD and Sun Microsystems all decline as the Nasdaq sheds 31.10 points, closing at 2,376.95. But Google shares gain $17.21, finishing the day at $555.
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Shares of Google, Intel, Sun, AMD, Yahoo and Cisco all lose ground Monday as the Nasdaq also declines.
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Steve Jobs rocks out at Bruce Springsteen's Silicon Valley concert. Was it business or personal -- or a bit of both?
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Private equity firm TPG, which has offices on Sand Hill Road in Menlo Park, is expected to lead an investor group that plans to inject $5 billion into Washington Mutual.
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Clean Mobile says its fuel cells can keep electric vehicles off the grid for hundreds of miles.
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Google's shares decline by 36 percent and Apple's stock drops by 27 percent as the Nasdaq gives up 14 percent of its value during the January-March period.
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San Francisco-based online media company plans to cut its work force by 120 and take a charge of as much as $4 million.
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Many Silicon Valley companies hold their ground amid the market turbulence Monday.
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