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"Web search company Google Inc. said yesterday its public offering of 5.3 million shares had
priced at $389.75 each, rising about $2.07 billion. Google, based in Mountain View, CA, had said
it would sell as many as 5.3 million shares to offset the impact of its inclusion in the widely
held Standard & Poor's 500 index." - Boston Herald.
"Microsoft wins Census contract. The software giant won an order for its mobile-phone
software that will cover 500,000 handsets at the U.S. Census Bureau. The value of the deal was not
disclosed, but Microsoft said its mobile unit's sales will rise to $1 bil in 1-3 years. The firm
also expects its handset sales to double to 20 mil units by '07. Microsoft's already got software
contracts with Palm and Motorola. Shares rose less than 0.5% to 27.64." - Investor's Business
Daily
"FEI, a maker of electron microscopes, surged 13% to 22.34 after investment bank Punk Ziegel
initiated coverage with a buy recommendation. FEI's financials are improving, the bank said, and
it has taken a "giant step away from the competition" with its Titan microscope." - Investor's
Business Daily
"Google Base nips at eBay's lead. Google is fast encroaching on eBay's share of the
Internet sales market, said a report by Deutsche Bank. The report estimates that eBay would lose
up to $150 mil in annual revenue if it were to match the lower fees of Google Base, the search
engine's online sale site. Deutsche Bank lowered its price target on eBay to 44-50 a share. eBay
rose 1% to 39.40, while Google climbed nearly 4% to 404.34." - Investor's Business Daily
"Computer Sciences Shares Soar as It Explores a Sale. Shares of the Computer Sciences Corporation climbed more than 4 percent yesterday and set a 52-week high after it said it had hired Goldman Sachs for advice on a possible sale of the company. The company, which manages computer systems for corporation and government clients, also said it would lay off 5,000 workers, mostly in its European operations, in the next two years. Computer Sciences employs 80,000 workers worldwide. Its shares closed up $2.51, at $59.80. -
The New York Times
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