Updated from 1:40 p.m. EST with new stock pricesTech stocks traded higher Thursday as buyout speculation swirled around some of the sector's big names, while the broader market indices turned positive on the prospects of another rate cut. Logitech ( LOGI) jumped 6.5% on chatter that Microsoft ( MSFT) may bid for the company. Shares were up $ 2.01 to $33.07. "The combination of Microsoft and Logitech would be interesting and make some strategic sense," wrote Manuel Recarey, an analyst with Kaufman Bros. "However, a merger would also raise some issues that the combination would need to overcome, including regulatory concerns," he told clients in a research note. Microsoft fell 11 cents, or 0.3%, to $34.33. Yahoo! ( YHOO) also gained 6.8% on a report in the New York Post suggesting that Microsoft is still debating whether it should make a bid for the company. Yahoo! shares rose $1.53 to $24.09. AMD ( AMD) recovered some ground Thursday. Shares surged on news that rival Intel is
Akamai Technologies ( AKAM) was off $ 1.19, or 4.1%, to $28.03 on speculation that Apple ( AAPL) is likely to use Google ( GOOG) to deliver audio and video to its iTunes store. Apple currently uses Akamai's products. Apple was down $1.38, or 0.8%, to $178.02. Google was down $6.47, or 1%, to $646.73.