The Battle Road Tech Index™ rose 0.8 percent for the week ended August 28, 2009, closing at 1461. For the week, 13 of the 25 Index components were in positive territory. Year-to-date, the index is up 46 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Nokia (NYSE: NOK) rose 11 percent this week after the world’s top cellphone maker calmed investors on Thursday by reaffirming its forecast for the handset market and saying visibility was improving. The cellphone market is facing its toughest year ever in 2009, with Nokia repeating its forecast for market volumes to fall around 10 percent. Nokia shares gained as much as 10 percent on the results after a grim quarter marked by mostly negative news.

Though Dell’s (NASDAQ: DELL) earnings and sales fell by 22 percent in the quarter ended July 31, the company’s shares advanced 10 percent on the week. Dell, the nation’s number one PC maker, and neck and neck with HP for global PC leadership, now sees signs of a market stabilization for its products. Furthermore, Dell management predicted a pickup in sales during the second half of next year, in association with the ongoing adoption of Microsoft’s impending Windows 7 operating system upgrade.

Shares of Intel (NASDAQ: INTC) rose seven percent for the week. The company raised its third quarter guidance on Friday, from a range of $8.1 to $8.9 billion, to around $9 billion, and similarly updated its margin guidance to the high end of what it previously announced. Intel has been recently vocal about a pending economic recovery as volumes begin to improve. The company is looked to as a strong proxy for spending across the tech industry as Intel processors are used in the majority of desktops, laptops, and servers.