The Battle Road Tech Index™ rose two percent for the week ended October 23, 2009, closing at 1587. For the week, 14 of the 25 Index components increased in value. Year-to-date, the index is up 59 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Amazon.com (NASDAQ: AMZN $118.49) shares soared 24 percent this week to an all-time high of $119.65, on the heels of the company’s Q3 earnings results that dramatically exceeded Wall Street’s expectations. The company reported overall sales growth of 28 percent, an unexpected acceleration from the prior quarter’s year-over-year growth of 14 percent. Amazon.com saw strength in each of its business segments, particularly media (books, CDs, video games), and electronics and general merchandise, which rose 44 percent year-over-year. Amazon’s revised guidance was also well ahead of Street expectations and did not, at first glance, appear to take into account the revenue impact of Zappos, a billion dollar online retailer, primarily of footwear. Amazon.com is in the process of acquiring Zappos.

Netflix (NASDAQ: NFLX $54.89), the world’s largest online movie rental service, also reached an all-time high following its exceptional Q3 results, in which revenue and earnings growth exceeded Street expectations. The share price rose 12 percent this week. The company continues to benefit from the trend toward streaming video, as well as the financial hardship of Blockbuster, which continues to shutter additional stores. In addition to showing solid growth, the company raised guidance for the duration of the year, and announced a general plan to extend its Internet video streaming service outside of the US.

Microsoft (NASDAQ: $28.02) rose six percent as confidence in a rebound in tech spending grew. The company capped off the generally positive earnings week with a blowout quarter Friday morning, exceeding EPS consensus expectations by 25%. Microsoft also released Windows 7 on Thursday, which analysts and investors are beginning to acknowledge as a major opportunity after Vista’s failure.

eBay (NASDAQ: $23.56) was down four percent this week, following its earnings report. The company reported better than expected sales and earnings, fueled by improvement in the company’s domestic auctions business and strong results from PayPal. However, investors were discouraged by a less than favorable outlook for the final quarter of 2009, especially given a reduction in sales due to the sale of Skype to a group of private equity investors. eBay is taking a very cautious approach on its expectations for the holiday shopping season, prompting a sell-off in the stock on Thursday.