Radware, Local.com: Tech Winners & Losers
NEW YORK (TheStreet) -- Despite a slight dip of the tech-heavy Nasdaq Monday, Israeli networking firm Radware (RDWR) - Get Radware Ltd. 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
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
TheStreet Recommends
(LOCM)
a business search engine and advertising network, fell 4.6% to $5.23, while small business marketing and advertising company
SuperMedia
(SPMD) - Get SPDR Portfolio S&P 400 Mid Cap ETF 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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