Tech Winners & Losers: Yahoo!, HP

The Nasdaq edged up 0.7%, or 18 points, to 2474 during Friday afternoon trading as as strength across capital goods and retail sectors helped markets stage a modest rebound after the previous session's deep selloff.

Electronic Arts(ERTS) shares popped 2.2% to $21.21 after naming former Microsoft(MSFT) exec Rajat Taneja as its global chief technology officer. Taneja helped build Microsoft's consumer technology business, including services like Xbox Live and Windows Phone. Yahoo!(YHOO) shares jumped 4.6% to $14.63 after announcing a new service with Facebook that will let users see which Yahoo! news articles their friends have read. Yahoo! hopes the new feature will lead to users clicking on more articles.The hookup comes as the struggling Internet giant works to turn itself around following the departure of CEO Carol Bartz earlier in the month. Hewlett Packard(HPQ) shares fell 4.5% to $21.78 -- a new 52 week low -- after Thursday's announcement that Meg Whitman will replace Leo Apotheker as CEO. The former eBay(EBAY) chief will be closely scrutinized in her new role, particularly by critics questioning her credentials for leading a company of HP's vast size and complexity. Meanwhile, Nokia(NOK) dropped 1.1% to $5.20 after appointing a new chief technology officer. Harry Tirri will replace Rich Green who left the company on Thursday after taking a three month leave of absence. Tirri was previously head of the Nokia Research Center. --.>To submit a news tip, send an email to: tips@thestreet.com. >To order reprints of this article, click here: Reprints