NEW YORK (TheStreet) -- Despite a slight dip of the tech-heavy Nasdaq Monday, Israeli networking firm Radware (RDWR) - Get Report saw its shares skyrocket almost 20% as reports circulated that rival Riverbed Technology (RVBD) put in a bid to buy the firm.

The bid for Radware is worth $47 per share, according to reports, which is $2 more than

Hewlett Packard's

(HPQ) - Get Report

rumored offering for the company.

Riverbed, which sells products for improving traffic over wide area networks, has been a

takeover target itself

this year. Riverbed shares were rising 17 cents to $34.94 Monday.

Shares of Google rose 0.8% to $577.57 in Monday trading, after daily deals site

Groupon

rejected the search giant's $6 billion offer

, opting instead to remain private.

Google's interest in the local business space caused shares of

local-oriented companies to spike Friday

, but prices tumbled Monday after news that the Groupon deal didn't materialize.

Local.com

(LOCM)

a business search engine and advertising network, fell 4.6% to $5.23, while small business marketing and advertising company

SuperMedia

(SPMD) - Get Report

dropped 9.7% to $6.13.

Yellow Pages publisher

Dex One

(DEXO)

, which rallied almost 40% Friday, was also down Monday 8.5% to $6.13.

--Written by Olivia Oran in New York.

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