Stocks started the week on a strong note, buoyed early by solid retail numbers and later spurred on by comments from Ben Bernanke that interest rates would remain low for "an extended period."
Tech stocks start the week on an upbeat note, closing with broad gains as the likes of Cisco and Intel lead the advance and investors react positively to the latest national retail-sales figures.
Companies are bombarding the bond market with debt sales this month, taking advantage of low rates to build acquisition war chests, prepare to buy back stock and build up cash to finance growth.
Cisco Systems Inc raised its bid for Tandberg ASA 10 percent to 19 billion Norwegian crowns , a move widely expected to win over shareholders of the video conferencing company.
Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA, the world's largest provider of videoconferencing equipment for business users, after only a fraction of Tandberg shareholders agreed to Cisco's initial offer.
US stocks were set to hit fresh highs for the year on Monday after a rebound in retail sales left investors more optimistic about the country's economic recovery.
Cisco Systems raised its bid for Tandberg, the Norwegian teleconferencing firm, on Monday in an effort to overcome shareholder complaints that its initial offer was not rich enough.
Technology stocks rose in early trading Monday, led by sector leaders such as Cisco Systems Inc., Apple Inc. and Oracle Corp. and upbeat reaction to the latest national retail sales figures.
Technology stocks were mostly on the rise in early trading Monday, with gains coming from Dell Inc. , Oracle Corp. , Apple Inc. and Cisco Systems Inc. . The tech-heavy Nasdaq Compsosite Index rose 24 points to 2,192, while the Philadelphia Semiconductor Index rose 1.7% and the Morgan Stanley High Tech 35 Index was up by 1%.
Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA after only a fraction of Tandberg shareholders agreed to Cisco's initial offer.
U.S. stock futures climb on Monday as Japan's economy grows at a stronger-than-forecast clip during the third quarter and the dollar drops, with a key speech expected from Federal Reserve Chairman Ben Bernanke.
Cisco Systems on Monday increased its bid for Norway's Tandberg to 19 billion Norwegian kroner , as the U.S. networks giant seeks to overcome resistance from shareholders of the Norwegian videoconferencing company.
Cisco Systems upped its offer for Tandberg on Monday to 170 Norwegian kroner a share, or 19 billion kroner in total. Cisco will also increase the interest payable on the new offer price to 3.0% per annum.
Selina Lo is planning to bring Ruckus Wireless public. Things are different since the dot-com bubble, when the company she led was sold to Nortel for $7.8 billion just a year after its initial share sale.
Technology suppliers are racing to cash in on the surge of interest in online video among businesses, as corporate websites catch up with a trend that began with consumer sites such as YouTube.
No comments:
Post a Comment