Winners & Losers

Friday's Tech Winners & Losers

02/01/08 - 04:34 PM EST


Updated from 2:50 PM EST with new stock prices

Tech stocks were subdued Friday despite an unsolicited bid for Yahoo by Microsoft. Meanwhile the broader market indices struggled with mixed economic news including data about manufacturing and jobs.

Shares of YahooYHOO soared 48% after MicrosoftMSFT moved to acquire the company for $31 a share in a cash-and-stock offer valued at about $44.6 billion.

The offer represents a 62% premium above Yahoo's Thursday closing price of $19.18. Yahoo's stock was up $9.20 to $28.38. Shares of Microsoft fell $ 2.15, or 6.6%, to $30.45.

MotorolaMOT gained $1.19, or 10.4%, to $12.69 after the company set a quarterly dividend of 5 cents a share and said it is considering selling its cellphone business. The shares were also upgraded from hold to buy by an an analyst at Citigroup.

Digital infrastructure company VeriSignVRSN added $1.93, or 5.7%, to $35.85 after the company beat analysts' expectations for the fourth quarter but reported a wider loss from a year ago because of a write-off in its digital content and messaging business.

Net loss for the quarter was $196 million, or 88 cents a share, and included a non-cash impairment writeoff of $210 million. A year ago the company reported a loss of $29.5 million, or 13 cents a share.

Excluding the charge, VeriSign reported net income of $69.83 million, or 30 cents a share, compared with $58.72 million, or 24 cents a share a year ago. Revenue for the quarter fell to $386.43 million from $408.63 million a year ago.

Analysts polled by Thomson Financial were expecting revenue of $380.8 million and EPS of 29 cents.

GoogleGOOG shares sank $48.40, or 8.6%, to $515.90, a day after the company reported results that were below the Street's expectations.

Net income for the quarter rose to $1.21 billion, or $3.79 a share, from $1.03 billion, or $3.29 a share, a year ago. Excluding charges, Google earned $1.41 billion, or $4.43 a share. Analysts were expecting $4.44 a share.

Revenue increased 51% to $4.83 billion from $3.21 billion a year ago. Adjusted for traffic acquisition costs, revenue was $3.39 billion, lower than analysts' expectation of $3.45 billion.

AmazonAMZN gave up some of its gains from Thursday and was down $3.07, or 4%, to $74.63, a day after the company said it will buy digital audio content provider AudibleADBL for $300 million.


Life & Money

Winners & Losers

Go To Section Home


01/31/08
Thursday's Tech Winners & Losers

Tivo shares are up after it wins a patent infringement case against Dish Network.


01/30/08
Wednesday's Tech & Losers

Flextronics beats analysts' expectations for the third quarter.


01/29/08
Tuesday's Tech Winners & Losers

VMware falls from grace.


04/28/08
Cramer's Take on the Top 10 Searched Stocks

Apple and AT&T were among the most searched stocks on TheStreet.com Friday. Here's what Cramer had to say about them recently.


04/26/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


04/27/08
This Week's Barron's Roundup

Looking for deep value with Defiance Asset Management, polling big investors about where the market's headed, plus much more.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


02/29/08
3 Stocks I Saw On TV

3 Stocks I Saw On TVDan Fitzpatrick examines three stocks viewed on Fast Money and Mad Money Today's stocks include Deere & Co., Petrobras and MBIA


04/28/08
One Bank Pick Stumbles, the Other Soars

TheStreet.com Ratings checks in on First Community Bancorp and First Niagara Financial Group two months after recommending the stock.


04/28/08
Grand Theft Auto IV Hits the Jackpot

Take-Two's latest hit receives a perfect score from industry reviewers.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Premium Stock Ideas
Premium Products
MOT was an Stocks Under $10 pick on 2008-03-19