Thursday's Tech Winners & Losers: Google

A positive paid-click report propels the stock higher.
By Ivy Lessner ,

Updated from 2:20 p.m. EDT with new stock prices

SAN FRANCISCO -- Tech investors were seeing green Thursday, with the

Nasdaq

leading most indices higher. Upward momentum was spurred by falling oil prices and a Commerce Department report that revised first-quarter GDP growth upward to 0.9%. The

iShares S&P GSTI Software Index

(IGV) - Get Report

rose 1.5%.

Shares of

Google

(GOOG) - Get Report

were up $14.55, or 2.6%, to $582.79 on a report from comScore that the search giant's paid clicks were up sharply in April -- 19.6% year over year. Paid clicks represent the site's ability to transform queries into clicks on advertising delivered with search results. Susquehanna Financial raised its price target on the stock Thursday to $635 from $600 on the news.

Kosan Biosciences

(KOSN)

jumped $3.77, or 228.5%, to $5.42 on the report that

Bristol-Myers Squibb

(BMY) - Get Report

is acquiring the cancer-drug specialist

for $5.50 a share.

Shares of

Autodesk

(ADSK) - Get Report

rose $1.24, or 3.1%, to $40.94 on an upgrade by American Technology Research. Analyst Donovan Gow rated the developer of computer-aided-engineering software a buy with a one-year price target of $52, noting that Autodesk is gaining market share against competitors

Dassault Systemes

and

Parametric Technology

(PMTC)

.

"ADSK is ideally positioned to benefit from the construction boom in emerging economies with two-thirds international revenue exposure," Gow wrote Thursday.

German chipmaker

Infineon Technologies

(IFX)

tumbled on

the company's warning that third-quarter revenue would fall short of projections

. The stock fell $1.18, or 11.9%, to $8.78, its second decline for the week. The stock dropped 4% Tuesday after the CEO was sacked.

Other notable tech movers:

Cisco

(CSCO) - Get Report

was up 68 cents, or 2.7%, to $26.22.

Sprint Nextel

(S) - Get Report

rose 43 cents, or 4.9%, to $9.24.

And

Ansys

(ANSS) - Get Report

gained $2.48, or 5.7%, to $46.26 on Thursday's report of solid revenue growth at

Ansoft

(SYMBOL)

, which it is acquiring.

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