The company has been trying to stabilize its financial condition as last month its board of directors approved a stock repurchase program of up to $250 million. At 11:52am ET, shares of the firm declined by as much as $1.21 or 4.61 percent at $25.04. The stock hit a fresh 52-week low at $25.01 from the previous low of $26.11.

Rambus Inc (NASDAQ GS: RMBS):



Shares of the firm were plunged and trading down by $1.27 or 11.61 percent at 11:54am ET on NASDAQ trading session. The Los Altos chip designer recently won a lawsuit but is still struggling to survive in a $30 billion industry. The stock hit a fresh 52-week low at $9.04 from the previous low of $10.87. The firm has traded as high as $26.41 over the last 12 months.

Cognizant Technology Solutions (NASDAQ GS: CTSH):



Cognizant Technology, which is a large outsourcer to financial companies, traded down on weak global credit market and as financial services firms are struggling to survive the meltdown in some of the major economies. Shares of Cognizant were trading sharply down by $1.68 or 8.72 percent at 12:03pm ET on Monday. So far this year, shares have declined by more than 20 percent. The firm has slashed down its outlook as it generates 45 percent of its revenue from the financial industry. Today, it hit a fresh 52-week low at $17.14 from the previous low of $19.09. The firm has traded as high as $43.00 over the last 52 weeks.

Infosys Technologies Ltd (NASDAQ GS: INFY):



Infosys, India's No. 2 software services exporter, declined by $2.43 or 8.22 percent at $27.15 at 12:08pm ET. It has been in acquisition mode as it looks to expand its business amid sluggish growth in the information technology sector. It has been trying to acquire British consultancy Axon Group Plc (AXO). Shares of the Indian ADR company hit a new 52-week low at $26.52 from the previous low of $28.30. The market analysts have still recommend to buy the stock on its strong outlook.

Sina Corp (NASDAQ GS: SINA):



The Chinese ADR company is one of the most popular online brands in China. The leading Chinese online advertising company has reported strong second quarter results and higher-than-expected revenue results. The market analysts on Wall Street including Piper Jaffray has maintained its "Buy" rating on the firm with a price tag of $69 a share on potential price appreciation. Shares of the firm dropped by 91 cents or 2.83 percent to $31.22 at 12:22pm ET. Today, it hit a fresh 52-week low at $29.99 from the previous low of $31.80. The firm has traded as high as $59.27 over the last 52 weeks.