Stock Watch: Yahoo! Edges Higher on Palm Agreement

Yahoo!, Inc. (Nasdaq: YHOO) was one of the few Internet issues to rise in early trading Tuesday. The stock was up 2 63/64 to 175 following news that some of the company’s Web-based services would be bundled into Palm, Inc. (Nasdaq:PALM) handheld computers.

“The future of handheld computing will be tied very closely to the Internet,” said Barry Cottle, Palm’s chief operating officer for content and access. “Our plans are to bring the best of Internet content to the Palm user.”

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