Tech Stocks Fall Led By Yahoo, Microsoft (Fox News)
Monday, July 27th, 2009Tech Stocks Fall Led By Yahoo, Microsoft
Tech Stocks Fall Led By Yahoo, Microsoft
Tech Stocks Edge Down Led By Juniper, Yahoo, Intel
Vivek Kundra, recruited to Washington, D.C., to overhaul city computer networks plagued by cost overruns and viruses, treats his projects like stocks. The biggest “buy” on his trading floor is Google Inc.
SAN FRANCISCO – Yahoo’s stock has sunk to its lowest level in nearly five years, magnifying the challenge facing the internet company as its management tries to justify their rebuff of Microsoft’s $47.5 billion takeover bid.
Stocks were mixed Friday as disappointing earnings from tech bellwethers Google and Microsoft overshadowed a smaller-than-expected loss from Citigroup.