The Battle Road Tech Index™ gained less than one percent for the week ended June 26, 2009, closing at 1307. For the week, 13 of the 25 Index components were in negative territory. Year-to-date, the index is up 30.7 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Verizon (NYSE: VZ $30.99) rose five percent on the week. There are reports that the nation’s largest wireless carrier is partnering with Motorola (NYSE: MOT $6.61) to introduce a new smart phone by the end of 2009 with the Android operating system from Google (NASDAQ: GOOG $425.32). Additionally, a better than expected earnings report from Palm (NASDAQ: PALM $16.22), manufacturer of the innovative smart phone Pre and an in-line earnings report from Research in Motion (NASDAQ: RIMM $70.60) indicate that the market for innovative smart phones is still dynamic.

Research in Motion (NASDAQ: RIMM $70.60) was down three percent for the week. After its fiscal first quarter earnings came out late last week, the stock reacted mainly to less than stellar fiscal second quarter guidance. This week the focus was mainly on Palm’s earnings. The Palm Pre is seen as a potential competitor to RIM’s line of BlackBerries. Therefore Palm Pre sales were greeted with heightened interest. It is estimated that between 70,000 and 150,000 units were shipped since its launch on June 6, which was regarded as a success for Palm.

Adobe Systems’s (NASDAQ: ADBE $28.20) shares fell by four percent, in the aftermath of the previous Thursday night’s financial results, in which the company disclosed a 41 percent decline in earnings on a 21 percent contraction in sales. Heading into the summer months, Adobe’s sales are unlikely to rebound anytime soon, as it is an unusually slow period seasonally for the company.