<< Read Full Article
<< Read Full Article
Updated from 12:31 p.m. EDT
Technology stocks gained Monday, despite being tempered by a big buyout in the digital navigation space.
Shares of digital mapmaker Navteq(NVT Quote) fell 2%, after digital phone maker Nokia(NOK Quote) said it would acquire the company for $8.1 billion in cash. The deal values Navteq at $78 a share, a slight premium to its Friday closing price of $77.97.
The deal comes as phone makers and wireless carriers increasingly are looking to navigation devices as add-ons to their services. Nokia gained 3 cents to $37.96, while Navteq was shedding $1.52 to $76.45. Navteq's biggest customer, digital device maker Garmin(GRMN Quote), was plummeting $12.17, or 10.2%, to $107.23. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
Connect with TheStreet