By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch)--Many tech leaders fell into the red
Friday, but others managed to close the week on a positive
note.
Apple (AAPL) rose 23 cents a share to close at $101.66. The
company said it has seen record levels of preorders for its new
iPhone 6 and iPhone 6 Plus.
Netflix Inc. (NFLX), Microsoft Corp. (MSFT) and Google Inc.
(GOOGL) posted small losses.
Yahoo Inc. (YHOO) shares rose almost 4% at $41.91 a share. Yahoo
plans to sell some of its 23% stake in Chinese Internet giant
Alibaba (BABA) when the company goes public. Alibaba has reportedly
stopped taking orders for its IPO earlier than expected due to high
investor demand.
EBay Inc. (EBAY) rose 3% to end the day at $52.19. The online
retailer denied having discussions with Google Inc. (GOOGL) about
Google acquiring a stake.
Conversant Inc. (CNVR) shares surged more than 30%, to $34.80, a
day after the digital-marketing company said it would be acquired
by Alliance Data Systems Corp. (ADS) for $2.3 billion in cash and
stock. The deal values Conversant at $35 a share.
The Nasdaq Composite Index (RIXF) fell 24 points to close at
4,567 and the Philadelphia Semiconductor Index (SOX) gave up
1.3%.
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