Friday's Tech Winners & Losers

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 Yahoo(YHOO Quote - Cramer on YHOO - Stock Picks) soared 48% after Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks) 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.

Motorola(MOT Quote - Cramer on MOT - Stock Picks) 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 VeriSign(VRSN Quote - Cramer on VRSN - Stock Picks) 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.

Google(GOOG Quote - Cramer on GOOG - Stock Picks) 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.

Amazon(AMZN Quote - Cramer on AMZN - Stock Picks) 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 Audible(ADBL Quote - Cramer on ADBL - Stock Picks) for $300 million.