The Battle Road Tech Index™ fell 4.6 percent for the week ended January 22, 2010, closing at 1576. For the week, 24 of the 25 Index components decreased in value. Year-to-date, the index is down 6.2 percent, having started at a value of 1680.

The following companies were notable movers for the week:

Shares of eBay (NASDAQ: EBAY, $23.58) rose 4.9 percent this week after some better than expected sales and earnings results. The company’s earnings in particular were impacted by a number of one time items related to the sale of Skype to a group of investors. eBay retains 30 percent ownership of the Voice over IP company. Additionally, the company exhibited strong growth in its Payments (PayPal and Bill Me Later) and International Marketplace businesses, but had lackluster sales in the US Marketplace. The company will need to exhibit strong growth in its domestic marketplace in 2010 for it to make up for the loss in revenue from the loss of Skype.

Shares of SAP (NYSE: SAP, $45.90) declined 6.2 percent as weak economic metrics and proposed financial regulation drove markets lower. SAP pre-announced Q4 results prior to this week showing improvement, but a continued license revenue decline. In addition to the impact of the global economy on technology spending, investors remain concerned as to SAP’s ability to grow and compete against acquisition driven Oracle (NASDAQ: ORCL, $24.15) and SaaS pioneer Salesforce.com (NYSE: CRM, $64.54).

Yahoo! (NASDAQ: YHOO, $15.88) was down 5.6 percent this week. The company is down in advance of its earnings report on January 26. Some investors are concerned that the company may post year over year declines in sales and revenues. This will compare unfavorably to its main competitor, Google, which posted better than expected results yesterday. Furthermore, the company’s search deal with Microsoft is being scrutinized by EU regulators in order to determine whether the agreement constitutes an unfair constraint on competition.