Oil Prices, Profit Warnings Steamroll TechsOil Prices, Profit Warnings Steamroll Techs

Technology stocks got hit hard Tuesday amid news of rising oil prices and some disappointing earnings news.

Chipmaker Conexant warned investors that its shrinking market share and weak wireless-LAN sales would cause the company to fall short of its earlier third-quarter estimates. Also, storage-software maker Veritas lost more than a third of its stock value, falling $9.55, to $17, after the company warned its second-quarter profit would be lower than earlier guidance suggested. Other big tech losers Tuesday included Applied Micro Circuits and Siebel Systems.

Our information 100 fell fully 3.6%, or 11.18 points, to 302.28. The Nasdaq fell 43.23 points, or 2.2%, to close at 1,963.43. The Dow fell 63.49 points, or 0.6%, to 10,219.34, and the S&P 500 fell 0.8%, or 9.2%, to 1,116.19.

The Nasdaq-100 tracking stock fell 8 cents, or 2.2%, to $36.82 on very heavy volume of nearly 128 million shares.

See the full listing of all the companies in the information 100 and the top 5 percentage winners and losers for the last closing at information.com/stocks.