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Microsoft, IBM lead tech gains; Lexmark falls

7/13/12 9:48 AM ET (MarketWatch)

SAN FRANCISCO (MarketWatch) -- Tech stocks notched decent gains in early trades on Friday morning, helped by upside on large-cap names such as IBM and Microsoft , each of which rose more than 1% following the opening bell. This offset a sharp drop by Lexmark , which saw its shares slump more than 7% after the printer maker lowered its second-quarter forecast, citing weaker-than-expected demand. The Nasdaq Composite rose about 0.8% to 2,887 in early trades, while the Philadelphia Semiconductor Index was up by 0.5% and the Dow picked up more than 100 points.