Tech stocks were up modestly Tuesday, led in part by
, as some analysts and investors believe the company is still in play and open to bids from other firms including
Yahoo! rose $1.55, or 6.4%, to $25.94 as CEO Jerry Yang
seemed to backpedal
on Yahoo!'s rejection of Microsoft's $31-a-share offer.
In a letter made public Saturday, Microsoft said the company was willing to go as high as $33 a share, but Yahoo!'s board rejected it, holding out instead for $37 a share. Yahoo! is also facing
from some shareholders angry about the failed deal.
Microsoft's stock was up 43 cents, or 1.5%, to $29.51.
Memory chip maker
was up 65 cents, or 17.9%, to $4.30 following news that
has signed a five-year contract to supply multicrystalline solar wafers to Qimonda. Qimonda said Monday it has partnered with German company
to enter the market for solar cells.
Advanced Micro Devices
gained 49 cents, or 7.5%, to $7.02
that the company will soon reveal its strategy to restructure its manufacturing efforts in a bid to lower costs.
dipped 33 cents, or 6.2%, to $5.03 after the company
and profit for the first quarter, saying it lost more local customers than expected. Qwest reported net income of $157 million, or 9 cents a share, compared with $240 million, or 12 cents a share, a year ago. Revenue fell 1.5% to $3.4 billion during the quarter. Analysts were expecting profit of 10 cents a share on sales of $3.41 billion.
lost 97 cents, or 4.8%, to $19.05 after the company
analysts' EPS expectations for the first quarter by a penny. Metro PCS posted EPS of 13 cents. Revenue rose 23.3% to $662 million during the quarter. The company reported quarterly net subscriber additions of 452,000, ending the quarter with approximately 4.4 million subscribers.
shed 34 cents, or 8.8%, to $3.42 after the company reported
and revenue in the first quarter on weak subscriber growth and forecast net customer losses in the current quarter.