NEW YORK (CNN/Money) - Technology stocks made modest gains Friday after taking a beating in the previous session despite steep losses at high-profile companies Netflix and Juniper Networks.

The Nasdaq composite index added 8.48 points, or 0.5 percent, to close at 1,911.50. The Philadelphia Semiconductor Index gained 0.2 percent to 381.37 and the AMEX Computer Technology Index ended even at 446.76.

Netflix Inc. (down $7.13 to $10.30, Research) shares plummeted nearly 40.9 percent even after late Thursday's posting of strong third-quarter earnings.

Netflix said earnings jumped more than four-fold, but shares came under pressure after the company said in a statement that it expects the business environment to become more competitive in the coming year.

Shares of telecommunications equipment maker Juniper Networks Inc. (down $1.27 to $23.76, Research) tumbled 5 percent on worries the company's newly acquired security business could be experiencing growing pains.

On the plus side, Oracle (up $0.24 to $12.24, Research) gained 2 percent after a judge in the lawsuit over takeover obstacles at PeopleSoft said the parties seemed to have moved closer together.

PeopleSoft (down $0.23 to $20.85, Research) lost 1 percent.

Sprint Corp. (up $0.38 to $20.68, Research) said that its third-quarter earnings would beat Wall Street estimates, sending its shares up 1.9 percent.

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Among tech heavyweights making gains were Intel (up $0.10 to $20.61, Research), Microsoft (up $0.19 to $27.99, Research), Oracle (up $0.24 to $12.24, Research), Dell (up $0.33 to $35.37, Research),IBM (up $0.07 to $84.85, Research), and Google (up $2.11 to $144.11, Research).

Shares in Cisco (down $0.11 to $18.48, Research), Yahoo (down $0.44 to $34.52, Research) and Amazon (down $0.55 to $38.55, Research) slipped.

In other news, electric companies may be competing to offerInternet access after regulators cleared the way for utilities to sell broadband services through electrical outlets.

And Verizon Wireless (up $0.10 to $40.87, Research) is in talks to buy wireless airwaves from bankrupt wireless company NextWave Telecommunications Inc. for about $3 billion, according to a source close to the situation.