SHARE

Merger Monday Puts Techs In Play

A pair of blockbuster mergers in the technology sector Monday had investors wondering who might be next. Oracle’s $5.85 billion acquisition of Siebel and eBay’s $2.6 billion acquisition of VoIP provider Skype gave the Nasdaq a boost on an otherwise lackluster trading day. Oracle competitor SAP and Siebel competitor Salesforce.com were little changed as investors […]

Written By

Paul Shread

Sep 13, 2005

Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

A pair of blockbuster mergers in the technology sector Monday had investors wondering who might be next.

Oracle’s $5.85 billion acquisition of Siebel and eBay’s $2.6 billion acquisition of VoIP provider Skype gave the Nasdaq a boost on an otherwise lackluster trading day.

Oracle competitor SAP and Siebel competitor Salesforce.com were little changed as investors tried to figure out what their next moves might be. Some analysts speculated that SAP might try to acquire Salesforce.com or head in another direction by buying an infrastructure company such as BEA Systems.

Internet stocks, meanwhile, had a lively day after eBay shook up the space. Baidu.com rocketed for the second straight day on takeover speculation, and fellow Chinese Internet stocks Netease, Sohu and Sina jumped as analysts upgraded the sector. Tom Online, which announced a joint venture in China with Skype a week ago, rose 5%.

The broader market paused ahead of key inflation reports on Tuesday and Thursday.

The Nasdaq rose 7 to 2182, the S&P slipped 1 to 1240, and the Dow added 4 to 10,682. Volume declined to 1.94 billion shares on the NYSE, but rose to 1.76 billion on the Nasdaq. Decliners led 17-15 on the NYSE, while advancers led 17-12 on the Nasdaq. Upside volume was 46% on the NYSE, and 66% on the Nasdaq. New highs-new lows were 222-22 on the NYSE, and 163-34 on the Nasdaq.

This article was first published on internetnews.com.

Huawei’s AI Update: Things Are Moving Faster Than We Think

FEATURE | By Rob Enderle,
December 04, 2020
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era

ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
Key Trends in Chatbots and RPA

FEATURE | By Guest Author,
November 10, 2020
Top 10 AIOps Companies

FEATURE | By Samuel Greengard,
November 05, 2020
What is Text Analysis?

ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
The Super Moderator, or How IBM Project Debater Could Save Social Media

FEATURE | By Rob Enderle,
October 16, 2020
Top 10 Chatbot Platforms

FEATURE | By Cynthia Harvey,
October 07, 2020
Finding a Career Path in AI

ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
CIOs Discuss the Promise of AI and Data Science

FEATURE | By Guest Author,
September 25, 2020
Microsoft Is Building An AI Product That Could Predict The Future

FEATURE | By Rob Enderle,
September 25, 2020
Top 10 Machine Learning Companies 2020

FEATURE | By Cynthia Harvey,
September 22, 2020
NVIDIA and ARM: Massively Changing The AI Landscape

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
Continuous Intelligence: Expert Discussion [Video and Podcast]

ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
Artificial Intelligence: Governance and Ethics [Video]

ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI

FEATURE | By Rob Enderle,
September 11, 2020
Artificial Intelligence: Perception vs. Reality

FEATURE | By James Maguire,
September 09, 2020
Anticipating The Coming Wave Of AI Enhanced PCs

FEATURE | By Rob Enderle,
September 05, 2020
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort

ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020

SEE ALL
ARTICLES

Paul Shread

Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for Time.com, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.

Merger Monday Puts Techs In Play

Paul Shread

Recommended for you...

Company

Categories

Merger Monday Puts Techs In Play

RELATED NEWS AND ANALYSIS

Paul Shread

Recommended for you...

Company

Categories