Microsoft is no longer interested in buying all of Yahoo, CEO Steve Ballmer said Wednesday, though he told shareholders that the company would still be "very open" to a collaboration on Internet search. His comments sent Yahoo shares diving by 12 percent.
No real upside for the chip sector is seen in the near-term, says Bhavin Shah, MD and Head of Global Technology Research, JPMorgan Securities, speaking to CNBC's Oriel Morrison.