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Tech stocks are having another rough day with chip makers extending a three-session slide and many of the biggest tech and Internet names adding to Monday’s losses.

Apple CEO Steve Jobs opened the company’s Worldwide Developers Conference on Monday, demoting the computer to “just a device” and talking up how it wants to “move your hub, the centre of your digital life, into the cloud”

Think about how many of your friends use Nokia handsets today as opposed to a few years ago. Chances are many of them have ditched the Finnish handset manufacturer’s devices for alternatives from companies such as Apple, Samsung