STOCKS TO WATCH: AOL, Intel and Yahoo!

2 min read

Expect the following technology stocks to be among Monday's most actively traded issues: America Online, Intel and Yahoo!.

  • America Online (NYSE: AOL)

    AOL will be moving after announcing late Friday that it has raised its stake in TiVo (Nasdaq: TIVO) to 30 percent after investing another $200 million to develop a dual-purpose AOLTV-branded set-top box.

    Under the deal, TiVo has issued 15,658,292 shares in the form of common stock, convertible preferred stock and warrants and has receive a $200 million investment from AOL, according to a filing made with the Securities and Exchange Commission

    AOL's stake in the provider of television-based technology, rose to a total of 16,138,599 shares, or 30 percent, from 480,307 shares.

    AOL shares closed off $1.44 to $54.81 Friday.

  • Intel (Nasdaq: INTC)

    It will be hard for Intel to top the more than 350 million-share volume it registered Friday in the wake of its third-quarter earnings report.

    The stock fell more 22 percent Friday after the company warned that its third-quarter sales will only improve 3 percent to 5 percent from the year-ago period.

    Intel blamed the falling euro, sluggish corporate PC demand and weakness in Europe for the shortfall.

    Several analysts lowered their sales and earnings estimates following the warning.

  • Yahoo! (Nasdaq: YHOO)

    Yahoo! figures to be active Monday after announcing Friday that it filed with regulators to sell up to $1 billion in common and preferred stock, depositary shares, debt securities and warrants.

    It plans to use the proceeds from the shelf offering for general corporate purposes, which may include acquisitions, investments, debt repayment, capital spending and repurchasing its capital stock, according to a filing with the Securities and Exchange Commission.

    Its shares closed up $3.31 to $111.44 Friday.

    Reuters contributed to this report. >