RealTime IT News

Micron, Seagate Lead Tech Stocks Higher

Micron (NASDAQ: MU), Seagate (NASDAQ: STX) and Novell (NASDAQ: NOVL) led the Nasdaq to a fresh 18-month high on Monday.

Micron gained 4 percent after Standard & Poors raised the company’s credit outlook to positive, while Seagate and Western Digital (NYSE: WDC) jumped on a positive report from a Brean Murray, Carret analyst.

Novell rose 4.4 percent after the company said a takeover offer from a hedge fund is inadequate.

Google (NASDAQ: GOOG) ended lower after making good on a threat to stop censoring search results in China.

Palm (NASDAQ; PALM) shares slipped despite a deal with AT&T that could ease fears about the company’s future.

Techwell (NASDAQ: TWLL) soared 48 percent on a merger deal with Intersil (NASDAQ: ISIL).

Oracle (NASDAQ: ORCL) will be the tech sector’s biggest news this week when the enterprise software giant reports quarterly results late Thursday.