Apple Again Drags Tech Sector Underwater; Wi-Lan Advances After Settling Patent Suit with Alcatel-Lucent

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Top Tech Stocks

MSFT -0.70%

AAPL -3.55%

IBM +0.34%

CSCO +0.16%

GOOG -0.31%

Technology stocks are closing lower with shares of technology companies in the S&P 500 falling about 0.3%.

In company news, Wi-Lan ( WILN ) is up 8.6% shortly before the close at $3.55 a share and the networking equipment company settling a patent dispute with Alcatel-Lucent USA ( ALU ).

Under the multi-year accord, ALU received a license to certain WILN patents related to wireless products in exchange for a undisclosed sum.

Under a separate agreement, WILN will purchase a portfolio of patents and pending applications related to current and next-generation wireless technologies with broad worldwide patent coverage from ALU.

ALU is down 3.1% at $3.34 a share in late trade.

In other sector news,

(+) SOHU, Accepts rival $448-million investment from Tencent Holdings Ltd. for its Sogou unit rather continuing with talks with Qihoo 360 Technology Co. Ltd. ( QIHU ) about a possible buyout of SOHU's internet-search engine subsidiary.

(-) PERI, Agrees to merge with Conduit's Client Connect business in an all-stock transaction that will give Conduit shareholders an 81% ownership stake in the combined companies.



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This article appears in: Investing , Commodities

Referenced Stocks: ALU , QIHU , WILN

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