Closing Glance: Internet software, services stocks

By Associated Press May 13, 2008 Comments (0)

0 Recommendations

Internet software and services stocks mostly rose Tuesday, with Yahoo climbing ahead of the sector after a report indicated billionaire investor Carl Icahn may start a proxy fight with the struggling Internet icon.

In a Tuesday report, CNBC cited people who have spoken with Icahn as saying that he is considering launching a proxy fight.

Proxy fights are often begun in an effort replace members of a company's board.

How key Internet software and services companies performed Tuesday:

Yahoo Inc. rose $1.30, or 5.2 percent, to $26.56.

Akamai Technologies Inc. fell 35 cents to $37.59.

Google Inc. fell $1.94 to $583.

EBay Inc. rose 29 cents to $31.41.

VeriSign Inc. rose 67 cents to $38.63.

Comments (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

DocumentId: 644125, ~/articles/articlehandler.aspx, 7/24/2008 8:47:33 AM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement