Top Tech Stocks
Technology stocks have solidified its late advance with shares
of technology companies in the S&P 500 gaining nearly 1.2%
shortly before the closing bell.
In company news, Blackberry Limited (
) is finishing with a nearly 7% gain today at $11.56 a share,
climbing as high as $11.65 following weekend reports in the (UK)
Sunday Times in England that Fairfax Financial (FFH.TO) is set to
spend "billions" to buy out the ailing smart-phone company.
Toronto-listed Fairfax Financial (FFH.TO) is led by Prem Watsa,
who recently stood down as a BBRY director, citing a potential
conflict of interest. The newspaper did not name any of its sources
for the story but said Watsa already has lined up billions of
dollars in backing from Canada's largest pension funds to support
BBRY, through a spokesman, said it would not "comment on
speculation surrounding Prem Watsa and his efforts."
In other sector news,
(+) FIO, FBN Securities upgrades the maker of storage memory
platforms to Outperform with a $15 per share price target, citing
potential buyout value after Western Digital Corp (
) today pays $685 mln for Virident Systems.
(-) HSOL, Narrows Q2 net loss by $0.11 from last year to $0.32
per ADS. Revenue rises 7.5% year over year to $192.7 mln. No
analyst estimates were available.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.