The Battle Road Tech Index™ fell 2.1 percent for the week ended November 20, 2009, closing at 1589. For the week, 21 stocks fell in value out of the 25 Index components. 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:

Shares of Dell (NASDAQ: DELL, $14.29) fell 7.2 percent for the week. Last night, the company reported revenues of $2.9 billion and EPS of $0.23 on a non-GAAP basis, missing the Street’s projections for $3.1 billion and $0.28. PC sales continued to struggle, down 19 percent over the prior year between desktops and notebooks, and gross margins came in at a lower-than-expected 17.3 percent due mainly to component cost headwinds and restructuring charges. The company did see strength in its storage and server sales, both of which were up by double digits sequentially. Enterprise and Small and Medium Business segments were also up sequentially for the first time in seven quarters.

Salesforce.com (NYSE: CRM, $62.56) shares fell 5.4 percent this week after the company reported earnings on Tuesday. Investors were disappointed by the calendar 2010 revenue guidance, which the company set at 15 percent. The guidance suggests very little revenue acceleration in 2010 despite the likely prospect of improved IT budgets. With the fear of recession removed, investors face the question of whether Salesforce.com is reaching the end of its phase as a growth company during which it exploded from a startup to generating over $1 billion in annual revenue.

Research in Motion (NASDAQ: RIMM, $59.72) was down 4.7 percent this week. Analysts remain bearish on the stock based on fears of rising competition. Verizon Wireless, the largest wireless network in America, is clearly putting its promotion muscle behind Android based smart phones. The emphasis for Verizon is the Motorola Droid and the HTC Droid Eris. Some believe that while the BlackBerry Storm 2 is an improvement over the first general model, it is still lacking features that customers demand.