In news, ORCL (+1.8%) announced that it has entered into an agreement to acquire RNOW (+19.1%) for $43.00 per share. GOOG (+1.6%) is considering financing a deal with others to acquire YHOO (+2.8%), according to reports. Carl Icahn disclosed a 7.94% stake in WBMD (+11.3%) in 13D filing. Also, there were positive Barron's comments over the weekend on FIO (+14%), saying the co is a potential takeover target.
Among notable analyst research this morning, XLNX (+4.8%) was upgraded to Outperform at Pacific Crest and Brigantine downgraded AVNW (-6.7%) to Hold. Also, TLEO (+4.9%) was named a long Research Tactical Idea at Morgan Stanley.
STM (+3.0%) and TXN (+3.5%) are the notable names in tech set to report results today after the close.






