IBM fell more than 3%. However, the actual numbers were so far ahead of Wall Street's forecast they were initially met with disbelief. As a result, IBM shares jumped 4 % in extended trading. Intel fell more than 6% on news that the company has cut the price of some of its chips. Google and Microsoft are scheduled to report results for the calendar fourth quarter on Thursday. The tech sector is still in a waiting mode. It needs more reasons to move up.3:30 am ET NASDAQ Futures: +2.25 1149.75
