Tech stocks: Netflix bump, RIM up, Intel sinks

A woman holds up a Netflix envelope in front of a Netflix application on a television in East Derry, N.H.(Photo: By Charles Krupa, AP)

Here's a look at the big movers in tech stocks as we wrap up the week:

Netflix bounce. Shares in the media rental service jumped over 3%, crossing the $100 mark. As Marketwatch reports^[1], the bump was fueled by Janney Capital Markets upgrading the stock from neutral to buy.

It's been a strong week for Netflix. Earlier this week, they announced a multi-year licensing deal with Time Warner and Warner Bros.Television Group. Starting in March, subscribers will have access to shows from Cartoon Network, Adult Swim and Warner Bros. Animation. The TNT drama Dallas will debut on Netflix beginning January 2014.

RIM still soaring. Shares of Research in Motion continue their surge, up nearly 4% in early morning trading to $15.44. The stock has added $4 since the start of the year.

Buzz continues to swirl around RIM as it prepares to launch its line of BlackBerry 10 devices^[2]. The smartphones move away from the company's signature keyboard in favor of touchscreens.

Intel sinking. Stock in the chipmaker has plunged 6% after revealing its fourth-quarter profit dropped^[3] because of slowing PC sales.

Although Intel earnings topped expectations, they finished with $2.47 billion profit, down from $3.36 billion the same time last year. Contributing to the decline is a drop in global PC sales^[4], down 6.4% in the fourth quarter.