The Battle Road Tech Index™ lost 1.9 percent for the week ended June 19, 2009, closing at 1304. For the week, 19 of the 25 Index components were in negative territory. Year-to-date, the index is up 30.4 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Research in Motion (NASDAQ: RIMM, $72.78) fell by 12.3 percent this week in the aftermath of Q1 earnings. Throughout the week, there was a flurry of analyst estimate increases. The stock rose earlier in the week in anticipation of first quarter earnings beating consensus, but the company released results last night which were mostly in line with previous guidance. Revenue, EPS and gross margins came in line with management’s and the Street’s expectations, but net new subscriber guidance was below consensus.

Akamai (NASDAQ: AKAM, $20.53) shares fell 10.2 percent amid fears that the recession, as well as burgeoning competition, will weigh on the company’s results this year. Content delivery pricing has been on a slow but steady decline for years, particularly as the volume of data increases. While Akamai has largely offset the pricing declines by offering services beyond those of basic content delivery, investors continue to grapple with finding an appropriate valuation for the market leader.

Shares of Yahoo! (NASDAQ: YHOO, $15.80) were off 3.7 percent this week. The Sunnyvale, California, company has taken a hit in its search engine market share since the introduction of Microsoft’s (NASDAQ: MSFT, $24.07) search engine Bing. There are reports that Microsoft may have even overtaken Yahoo! in the early weeks of June. In the past 18 months there has been rampant speculation that Yahoo! may partner with Microsoft to manage its search business or sell the business. With the introduction of Bing, this seems less likely, though an advertising partnership is still not out of the question. Yahoo! holds its shareholder meeting next week.

Netflix (NASDAQ: NFLX, $41.59), the leader in online movie rentals, rose 9.9 percent this week. The shift from renting physical discs to streaming online movie and TV show content may lead to potential margin expansion, since streaming data costs the company less than shipping, and though it is free for subscribers of the “unlimited” service, it may serve as a retention tool. The company also increased its pricing for Blu-Rays last month, and though it was initially feared that this would lower rental volumes, it has the potential to increase revenues.