were among technology's winners Monday, climbing 14% after
The Wall Street Journal
reported that the radio-frequency identification concern is nearing a company sale.
The newspaper, citing people familiar with the matter, said that Symbol could fetch about $15 a share, an 18% premium over Friday's closing price of $12.71. The
is a likely buyer. The report, published Saturday, said that final talks could still fall apart. Symbol shares, which had been roughly flat for the year, recently were trading up $1.77 to $14.48.
rose 3% after the chip-equipment maker said it bought some 145 million shares of stock for about $2.5 billion. The buyback, along with the repurchase of almost 9 million shares during its current quarter, represents a reduction of 10% of Applied Materials' outstanding stock at the end of its third quarter.
The company also announced a new $5 billion repurchase plan, which will take place over the next three years. "Applied Materials has delivered increased value to our stockholders through growth of revenue and earnings, as well as our stock repurchase program and payment of quarterly dividends," the company said. Shares were trading up 57 cents to $17.77.
rose 5% after the provider of telephone services agreed to be acquired by
for $1.16 billion. Citizens will pay cash and stock totaling $41.72 a share, an 8% premium to Friday's closing price of $38.52. The sale comes just a week after Commonwealth said it hired a financial adviser to help it review strategic opportunities. The deal is expected to close by mid-2007. Shares of Commonwealth were trading up $2.19 to $40.71, while Citizens shed a penny to $13.54.
plunged 27% after the digital video-surveillance systems company said that its request to remain on listed on Nasdaq was denied. As a result, the company's shares will be delisted Tuesday before the opening bell. After that, the company's shares will be listed on the Pink Sheets. The delisting comes after a Global ePoint preferred share offering violated Nasdaq shareholder approval rules. Since the beginning of the year, shares of Global ePoint have fallen more than 76%. Shares were recently trading down 29 cents to 77 cents.
Other technology movers Monday included
, down 9 cents to $5.19;
, down 7 cents to $16.26;
, up 11 cents to $19.62;
, up 10 cents to $26.95;
, unchanged at $2.29;
Level 3 Communications
, down 6 cents to $5.04;
, up 10 cents to $22.82;
, up 2 cents to $2.19; and
Sirius Satellite Radio
, up 5 cents to $4.12.