The Battle Road Tech Index™ rose 3.9 percent for the week ended September 11, 2009, closing at 1504. For the week, 23 of the 25 Index components rose in value. Year-to-date, the index is up 50 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Shares of Salesforce.com (NYSE: CRM, $57.92) approached their 52-week high, rising 9.7 percent as economic worries eased. A growing consensus across the technology industry suggests that 2010 budgets and spending will improve from 2009; the on-demand pioneer, previously on a decade long meteoric rise from founding to major enterprise software player, stands to benefit following a disappointing outlook issued in early 2009.

Shares of Adobe Systems (NASDAQ: ADBE, $34.65) rose by 8.1 percent this week, possibly in anticipation of the company’s Q3 earnings, which will be reported on Tuesday, September 15, after the market closes. Expectations are for EPS of $0.34, excluding charges, versus $0.50 in the prior year. The Street consensus calls for revenue to decline by over 20 percent versus the prior year, due to weak customer demand for its Creative Suite product line, the latest version of which has been available for almost 12 months.

EBay (NASDAQ: EBAY $23.56) shares were up 7.5 percent this week. The major news item for eBay over the past few weeks has been the sale of Skype to a group of private investors, including Marc Andressen, the founder of Netscape. The company sold 65 percent of Skype for $1.9 billion cash, a price that eBay considers just. Earlier this year, eBay stated that it was planning to spin Skype out in an IPO at some point in 2010 or possibly later. The move gives the company a better focus on its Marketplace and Payments business. Additionally, it relieves eBay of dealing with a pending lawsuit by Skype’s founders in a London court over the Intellectual Property of Skype. Other factors contributing to the stock’s rise are the recent introduction of new car sales on eBay in California, rather than simply used cars, as well as cuts in listing fees, which should increase the total volume of sales on the company’s flagship site.