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Opening Glance: Internet software, services stocks
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NEW YORK - Internet software and services stocks traded mostly lower Tuesday morning, following the overall market's decline after a report from the Commerce Department indicated retail sales fell in April.
Also Tuesday, it was announced that Hewlett-Packard agreed to buy Electronic Data Systems for $12.6 billion in cash, creating the second-largest tech services provider behind IBM Corp.
How key Internet software and services companies performed Tuesday morning:
Yahoo Inc. fell 25 cents to $25.01.
Google Inc. added $1.06 to $586.
EBay Inc. fell 5 cents to $31.07.
VeriSign Inc. rose 50 cents to $38.46.
Akamai Technologies Inc. fell 28 cents to $37.65.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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