NEW YORK (

TheStreet

) -- Shares of

Adobe Systems

(ADBE) - Get Report

jumped more than 5% in late afternoon trading Tuesday after the company

posted better than expected

fourth-quarter earnings.

The maker of the Flash media player and Acrobat publishing application also saw a boost in optimism from Wall Street in the wake of its report as both

Credit Suisse and Goldman Sachs

boosted their price targets on the stock.

Dell's

(DELL) - Get Report

stock rose 3.7% to $13.85 on news

that Michael Dell, the company's founder and CEO, is spending $100 million

to buy shares of his company.

Also,

Yahoo!

(YHOO)

shares tacked on nearly 2% to $16.58 even as the Internet giant announced earlier this month

that it was shedding 600 jobs, or 4% of its workforce

. The company said that it is shutting down non-core properties such as search engine

Altavista

.

ARM Holdings

(ARMH)

jumped 5.4% to $19.56, as

Bloomberg

reported

Microsoft

(MSFT) - Get Report

is set to announce a version of its Windows operating system that runs on ARM's technology.

eBay

(EBAY) - Get Report

fell 2.3% to $28.90. The company announced last week

it has acquired German online shopping site brands4friends

for $200 million.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to

http://twitter.com/Ozoran

.

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.