Technology stocks are slightly higher today with shares of
technology companies in the S&P 500 gaining about 0.2%.
In company news, Expedia Inc. (
) has declined around 4% following news reports of "unnatural link
penalties" recently reducing its visibility on Google's search
engine by as much as 25%. GOOG shares were up about 0.8% and hit
fresh 52 week highs.
Search Engine Land, an online news website covering the Search
Engine Optimization business Monday posted an article reporting
EXPE has lost a quarter of its search visibility as measured by
The decline has its roots in a Dec. 19 blog post by Nenad SEO,
an agency that helps company clients improve their online
visibility accusing EXPE of using paid links and over-optimized
anchor words to raise its position in Google searches. That led to
an extended discussion on another online forum, Hacker News, with
participants writing about the tactics EXPE and other companies
allegedly use to rise to the top of search engine rankings, and
ultimately to the Search Engine Land article Monday afternoon.
In an email message to Search Engine Land, a GOOG spokesperson
wrote the company "typically (doesn't) comment on specific
companies regarding search rankings." None of the articles have
responses by EXPE about the accusations.
In other sector news,
(+) BBRY, (+8.3%) Defense Information Systems Agency is set to
deploy around 80,000 Blackberry smart phones by Jan. 31 for the
Pentagon's mobile device management system. Also, Citron Research
writes Monday "it is (our) opinion that it is suicidal to bet
against well-capitalized, strong management in the enterprise
(-) IBM, (-0.7%) Reportedly again talking about a sale of its
x86 server business to Lenovo, which Monday in a statement said it
was "in preliminary negotiations" for a potential deal without
naming the other company. The firms discussed a similar deal last
year but the discussions broke down when the sides could not agree
on a price.
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