Salesforce.com Higher On Takeover Rumors, Again

Salesforce.com

shares are trading higher by $1.90 at $79.45 in Wednesday's session. The issue is getting a boost from the rally in the broad market as well as by rumors that Oracle

or Microsoft

may be making a bid for the company. The issue had been moving higher since bottoming shortly after the open at $77.90 and the rumor around $1:30 gave the issue a boost to $79.65. That marks the highest level for the issue since it traded at $80,51 on Friday.