The tech sector battles its way back from losses, but not enough to keep the Nasdaq Composite Index from dipping into the red as shares of Electronic Arts Inc. decline.
The tech sector wraps around the flat line as the session draws to a close, as shares of Electronic Arts Inc. decline a day after the video-game publisher posted a wider quarterly loss.
With opposition to its $3 billion bid to acquire Tandberg ASA mounting, Cisco Systems is extending its offer for the video teleconferencing company until Nov. 18, leaving the terms and conditions unchanged.
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Cisco Systems said holders of Tandberg have tendered the U.S. networks giant 9.37% of their shares. Cisco's $3 billion takeover bid is contingent on acquiring 90% of Tandberg's shares, and a group of Tandberg holders have held out for a larger offer.
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