Yahoo ( YHOO ) reported first quarter earnings that were down both sequentially and year over year, but slightly ahead of the Zacks Consensus Estimate of 29 cents. Shares responded to the strength in Alibaba, climbing 2.3%
Security software provider, Symantec ( SYMC ) is reportedly in troubled waters since activist investors and private equity firms are rallying for a sale or split of the business. Per Reuters, various private equity firms along
Currently, investors are fleeing from the Internet darlings on valuation and earnings concerns and are embracing the traditional tech giants like Intel ( INTC ), Hewlett Packard ( HPQ ), Microsoft ( MSFT ) and Oracle ( ORCL ).