The Battle Road Tech Index™ fell 4.9 percent for the week ended October 30, 2009, closing at 1507. For the week, only four of the 25 Index components increased in value. Year-to-date, the index is up 51 percent, having started at a value of 1000.

The following companies were notable movers for the week:

Shares of Akamai (NASDAQ: AKAM, $22.00) rose 2.3 percent this week following its Q3 earnings report after the market close on Wednesday. The company outperformed analyst revenue expectations, in particular with the Media and Entertainment vertical posting growth on a sequential basis. Competition in the Media and Entertainment space has been fierce, with companies like AT&T (NYSE: T, $25.67), Level 3 Communications (NASDAQ: LVLT, $1.18), and Limelight Networks (NASDAQ: LLNW, $3.49) aggressively pursuing a piece of the pie. M&E accounts for over 40 percent of Akamai’s revenue, and with a relatively weak revenue performance last quarter, investors were pleasantly surprised by Q3 results.

SAP (NYSE: SAP, $45.27) fell 12.5 percent after it announced disappointing Q3 results on Wednesday as total revenue fell 10 percent and software revenue fell 31 percent. Revenue has benefited from an increase in maintenance pricing, although the ongoing decline in licensing sales bodes poorly for the company over the next year. Nearly half of SAP’s sales are to manufacturing companies, which have been hurt in the global economic downturn. Further, SAP’s first Software as a Service (SaaS) product Business ByDesign, which was projected to be a relevant portion of 2010 revenue, has failed to live up to expectations. SAP’s failure to offer a SaaS product is viewed as another bad sign for the company as Salesforce.com (NYSE: CRM, $56.75) wins share in salesforce automation software and NetSuite (NYSE: N, $13.97) takes aim at SAP’s client base with a scalable suite of SaaS business applications.

Research in Motion (NASDAQ: RIMM, $58.73) was down 10.7 percent this week. A report earlier in the week from the market research firm ChangeWave showed Apple’s iPhone gaining market share in the smartphone category. The iPhone now has 30 percent market share in Q3, up from 25 percent sequentially. RIMM’s BlackBerrys held a 40 percent share of the smartphone market in Q3, down from 41 percent sequentially. The smartphone market is about to become even more crowded, as Google and Motorola’s Droid smartphone, for Verizon Wireless, is unvealed on Wednesday. The phone will be released on November 6. The last time a Verizon Wireless phone received so much attention was the BlackBerry Storm. There are fears that Droid will take market share from the BlackBerry Storm.