Job98456


 
HomeCalendarFAQSearchRegisterMemberlistUsergroupsLog in

Share | 
 

 Technology ETFs Don't Move Much While Microsoft Woos Yahoo

Go down 
AuthorMessage
raj_mmm9



Number of posts : 1850
Age : 55
Registration date : 2008-03-08

PostSubject: Technology ETFs Don't Move Much While Microsoft Woos Yahoo   Tue 8 Apr - 13:05

Yahoo (YHOO) is playing hard-to-get with Microsoft (MSFT), and the coyness is having mixed results in the technology exchange traded funds (ETFs).

Microsoft has given Yahoo a three-week deadline to accept its $42 billion takeover offer, but Yahoo says it can do better, reports Franklin Paul for Reuters. Yahoo stock is down 1.5% midday, while Microsoft is up slightly, 0.14% midday. If Yahoo accepts the deal, it will be the biggest takeover in the high-tech industry.

Technology ETFs have been showing mixed results in trading so far today:

Internet HOLDRs (HHH): down 0.2% midday; down 3.6% year-to-date. Yahoo is 20.4% of assets.
Technology Select Sector SPDR (XLK): up 1.1% midday; down 12.4% year-to-date. Microsoft is 11.3% of assets.
iShares Dow Jones US Technology (IYW): up 0.9% midday; down 13% year-to-date. Microsoft is 11.9% of assets.
Back to top Go down
View user profile
 
Technology ETFs Don't Move Much While Microsoft Woos Yahoo
Back to top 
Page 1 of 1
 Similar topics
-
» TJ To Invest In Green Technology
» VONE - will it move further.
» COMD Big seller Move to 150/=
» Is there a sinister move to privatise the EPF?
» Norwegian bio-mass energy technology to support Sri Lankan industry

Permissions in this forum:You cannot reply to topics in this forum
Job98456 :: Yahoo-
Jump to: