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(CNN) - An unconfirmed report about an investment in Hewlett Packard has sent the tech company's stock soaring.

HP shares jumped three-percent in early trading Monday on rumors that activist investor Carl Icahn would buy a stake in the company.

Other technology stocks like Cisco and Microsoft also gained.

This couldn't come at a better time for the tech giant, HP stock is down nearly 45-percent this year.

According to Forbes, Carl Icahn is worth more than $14 billion, and his hedge fund was one of 2011's top performers.