Updated from 2:50 p.m. EDT with new stock prices
Tech stocks were up Wednesday led by chip companies including
, which unveiled a new package of chips designed for notebooks.
was up 72 cents, or 2.8%, to $26.87 after the company unveiled
new advertising partnerships
with companies such as
among others. Meanwhile, activist investor Carl Ichan is reportedly seeking to oust Yahoo CEO Jerry Yang.
Digital infrastructure services provider
rose $2.28, or 5.7%, to $42.18 after an analyst at Stifel Nicolaus raised his price target on the stock to $50.
Fundamental trends for VeriSign's core business remains strong with growth in the company's domain registry unit remaining healthy, said the analyst. Divesture of some of company's business should also result in a much more attractive top-line said the analyst in a note.
gained 39 cents, or 5.7%, to $7.20 after the company
a new group of chips, named Puma, specifically designed for notebooks. The move represents AMD's most concerted effort to enter the growing market for mobile PCs.
rose 92 cents, or 3.4%, to $27.84 after the company said it
7% of its workforce in a bid to improve its operating performance.
Programmable chips maker
was up 65 cents, or 2.9%, to $23.54 after it offered a
strong mid-quarter update
Tuesday and said it expects sales to hit the high-end of its initial forecast. In April Altera forecast that revenue for the current quarter in the range of $339.5 million and $349.5 million.
shed 60 cents, or 7.8%, to $7.12 after the company said second-quarter profit would
The company said EPS, excluding special items, would be 5 cents or 6 cents, vs. analysts' estimates for 8 cents. Revenue during the quarter is likely to range between $147 million and $149 million. Analysts were expecting a top line of $154.1 million.