Major Market Movers – November 13

PALM, ATVI, DRYS, QCOM, ORCL, CSCO, MSFT, QQQQ, INTC, COMS, CMCSA, DELL, BRCD, YHOO, AMAT

As of 11/13/2009 4:00 PM

Palm Inc. (NASDAQ: PALM) $12.40 +8.30% – shares up on takeover speculation

Activision Blizzard Inc. (NASDAQ: ATVI) $11.69 +2.19% – “Call of Duty: Modern Warfare 2″ sold 4.7 million copies in 24 hours

DryShips Inc. (NASDAQ: DRYS) $6.85 +2.09% – DRYS attracts heavy call activity

QUALCOMM Inc. (NASDAQ: QCOM) $45.77 +2.05% – QUALCOMM shares upgraded to Outperform; Valuation Raised to $50-$60 from $40-$46

Oracle Corp. (NASDAQ: ORCL) $22.34 +1.36% – Oracle shares initiated with a Buy; Price Target $27

Cisco Systems Inc. (NASDAQ: CSCO) $23.71 +1.32% – Cisco shares up as “say on pay” proposal gets an OK

Microsoft Corp. (NASDAQ: MSFT) $29.63 +0.92% – MSFT shares initiated with a Buy at UBS; Price Target $34

PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQQ) $44.01 +0.82%

Intel Corp. (NASDAQ: INTC) $19.82 +0.71%

3Com Corp. (NASDAQ: COMS) $7.51 +0.67% – Hewlett-Packard to acquire 3Com for $2. 7 billion; Investigation Announced Over Proposed Acquisition

Comcast Corp. (NASDAQ: CMCSA) $15.43 +0.65% – General Electric, Comcast agree on JV board structure

Dell Inc. (NASDAQ: DELL) $15.40 -0.32% – Dell to enter the smartphone market in late November

Brocade Communications Systems Inc. (NASDAQ: BRCD) $8.05 -0.37% – Brocade to Report Q4 and Fiscal Year 2009 Results on November 24

Yahoo! Inc. (NASDAQ: YHOO) $15.93 -0.44%

Applied Materials Inc. (NASDAQ: AMAT) $12.72 -0.78% – Applied Materials plans to cut up to 12% of its global work force