NEW YORK (CNN/Money) -
Technology stocks rose Tuesday and the Nasdaq advanced for the sixth straight session as shares in NetFlix and Dupont Photomasks soared.
The Nasdaq composite index gained 3.10 points, or 0.2 percent, to close at 1,955.50, while the AMEX Computer Technology Index rose 0.7 percent, up 4.75 points at 661.47.
The Philadelphia Semiconductor index edged lower 0.43 points to close at 404.58.
NetFlix (NFLX: Research, Estimates) shares jumped 4.6 percent to close at $18.05 after the company raised its earnings forecast for the quarter ended September 30, saying that the number of subscribers to its online DVD-rental service grew 73 percent year-on-year.
Dupont Photomasks (DPMI: Research, Estimates) stock soared 44.1 percent, up $8.06 to close at $26.34 on news that the chip equipment company would be bought by Japan's Toppan Printing Co. for $640.2 million in cash, or $27 per share.
Leading handheld computer maker PalmOne said it licensed Microsoft software that enables secure delivery of corporate e-mail messages to handheld devices.
Microsoft (MSFT: Research, Estimates) shares rose nearly 1 percent to $28.38, while shares of palmOne (PLMO: Research, Estimates) sank 5.4 percent to $31.14.
PalmOne rival Research In Motion (RIMM: Research, Estimates) lost 2.1 percent to end the day at $74.79.
Technology bellwethers Intel Corp. and Nokia announced that they would jointly develop smart phones that run on the Symbian operating system, their first major cooperative effort in cell phones.
Shares of Intel (INTC: Research, Estimates), the world's largest chip maker, rose 19 cents to $21.32. Shares in Nokia (NOK: down $0.09 to $14.36, Research, Estimates), the world's largest mobile phone maker, fell 9 cents to $14.36.
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Hewlett-Packard (HPQ: Research, Estimates) shares fell 0.4 percent to $18.98 after the stock was downgraded to "neutral" from "overweight" by J.P. Morgan. The brokerage said Hewlett-Packard's "broad exposure to consumer PCs and printing" will hurt the company as it feels seasonal demand for those products over the holiday season will be muted.
J.P. Morgan said business spending on technology will increase as the consumer PC and printing market shrinks, and upgraded IBM to "overweight" from "neutral" because it is optimistic about IBM's enterprise share gains.
IBM (IBM: Research, Estimates) edged higher 0.2 percent to $87.32.
Shares in IAC/InterActiveCorp (IACI: Research, Estimates) slid 6.2 percent to end the day at $20.79 after the owner of travel Web site Expedia said it will not make an offer for the UK online travel company ebookers.
Internet heavyweight Yahoo!'s CEO Terry Semel said television networks, movie studios and music companies should look to it as a partner rather than a merger candidate. Yahoo! shares edged higher 0.1 percent to $34.96.
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