MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Technology stocks began the last trading day of the year in the red Monday on what was expected to be a relatively light session ahead of the the New Year's Day holiday. Among bellwether tech stocks, Google Inc. shares fell $4.67 to $697.81 amid a report that the company is in discussions with several newspaper publishers to sell advertising space online. Declines also came from Apple Inc. , Microsoft Corp. , Dell Inc. and Texas Instruments Inc. . The tech-heavy Nasdaq Composite Index fell 11 points to 2,663.
MarketWatch.com - MarketPulse
TEL AVIV (MarketWatch) -- Magic Software Enterprises Ltd., the Or Yehuda, Israel, provider of business-integration and application-development technology, sold its Advanced Answers on Demand subsidiary to Fortissimo Capital for $17 million. Fortissimo is the Rosh ha'Ayin, Israel, investment firm. Magic expects to post a more than $9 million gain on the sale of AAOD, which develops software for application in long-term health care, including retirement facilities as well as home-health and rehabilitation agencies. As part of the deal, Magic has licensed to AAOD the right to continue to sell its product portfolio for three years.