Top Tech Stocks
Technology stocks were slightly lower with shares of technology
companies in the S&P 500 retreating about 0.2% this
In company news, China Mobile Games and Entertainment Group Ltd.
) fell as much as 25% Thursday, reaching its lowest share price
since last October following unconfirmed reports in the Chinese
media the company fired its president amid allegations of a wider
bribery scheme at the game publisher.
Bloomberg, citing a Sina Tech report, said Ying Shuling and at
least eight other CMGE executives have been removed.
were halted down 22.6% at $14.63 each shortly before today's
closing bell, earlier sliding to a session low of $14.06 a share.
The stock has a 52-week range of $10.05 to $40.31 a share, rising
nearly 18% over the past year.
In other sector news,
(+) MEAS, Agrees to $86-per-share buyout offer from TE
) in a deal worth $1.7 bln, including assumed debt. TEL expects the
transaction will add to its per-share earnings in its first year,
excluding acquisition costs.
(-) NOK, Retreats from 52-week high set Wednesday after today
completing mandatory redemption of EUR800 mln ($1.09 bln) of senior
notes issued in March 2013 by its Nokia Solutions and Networks
Finance BV unit.
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