The Battle Road Tech Index™ fell 1.7 percent for the week ended October 2, 2009, closing at 1474. For the week, 21 of the 25 Index components declined in value. Year-to-date, the index is up 47 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Nokia (NYSE: NOK, $13.94) shares fell by 7.4 percent over the week. Investors have been concerned that the company is falling behind competitors Apple (NASDAQ: AAPL, $184.90) and Research in Motion (NASDAQ: RIMM, $65.42) in the smart phone market. While its Symbian Operating System still plays a major role, holding the number two spot in smart phone OS, it has been losing share rapidly to Apple. New product releases from RIMM and Palm (NASDAQ: PALM, $16.41), meanwhile, will likely inflict pricing pressure which may lower margins in the third quarter.

Research in Motion was down 5.1 percent for the week. The stock continued its downward spiral after reporting disappointing results last Friday. Analysts were expecting earnings of $1.00 per share on revenue of $3.6 billion. Excluding one-time charges, RIMM reported earnings of $1.03 per share in its second fiscal quarter, up 17 percent from earnings of 86 cents a share last year. Revenue fell short and came in at $3.5 billion. RIMM’s outlook was the catalyst that dropped the stock. For the third fiscal quarter, which ends in November, RIMM said it expects revenue of between $3.6 billion and $3.85 billion. Analysts were expecting $3.92 billion.

eBay (NASDAQ: EBAY, $22.70) was down 3.2 percent on the week. On August 11, the company introduced a new trial partnership with General Motors, where eBay would act as the marketplace for online sales of new cars in California. The program ended this week, with mixed results. Dealerships reported strong lead generation, but these leads did not result in an uptick in terms of sales. Both companies are stressing that the program was merely a trial. There are many issues to be worked out, especially as this is one of the first times that new cars are being sold online, and the companies are treating the program as a “first step.”