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Updated from 2:37 p.m. EDT with new stock prices

Tech stocks were up Thursday with news of activist shareholder Carl Icahn's proxy battle against



current management dominating the sector.

Shares of


(INTC) - Get Intel Corporation (INTC) Report

were up $1.13, or 4.7%, to $24.97 after an analyst at Lehman Brothers raised his price target on the stock to $26 from $24 on the belief that demand for the company's products remain strong. Tim Luke, an analyst at Lehman, reiterated his overweight rating on the stock.

Digital video recorder maker


(TIVO) - Get TiVo Corp. Report

was up 57 cents, or 6.9%, to $8.83 after an analyst at Friedman Billings upgraded the stock to market perform from underperform. TiVo may accept a settlement in its long standing dispute with rival

Dish Network

(DISH) - Get DISH Network Corporation Class A Report

, said the analyst.

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Yahoo! gained 61 cents, or 2.3%, to $27.75 following activist shareholder Carl Icahn's decision to

lead a proxy battle

against Yahoo's current management for rejecting


(MSFT) - Get Microsoft Corporation (MSFT) Report

offer for the company. Microsoft's stock was up 52 cents, or 1.7%, to $30.45. Icahn disclosed he has 59 million shares and options in Yahoo!.

Shares of IT security companies

Check Point Software

(CHKP) - Get Check Point Software Technologies Ltd. Report




were up after Rob Owens, an analyst at Pacific Crest, raised his rating on the stocks to outperform from sector perform on the belief that IT security spending remains strong among businesses. Shares of Check Point were up 78 cents, or 3.2%, to $24.99, while Websense gained 53 cents, or 2.9%, to $18.98.

Video-games publisher

Electronic Arts

( ERTS) shed $1.26, or 2.4%, to $51.52 following a mixed outlook from the company for the current fiscal year.

EA is also in the midst of a hostile takeover battle for its smaller rival

Take-Two Interactive

(TTWO) - Get Take-Two Interactive Software, Inc. Report

. EA's tender offer of $25.74 a share for Take-Two is set to expire Friday midnight.