Sector Update: Tech Technology

By Staff,

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Technology shares were generally mixed in pre-market trade Monday.

In technology stocks news, ( AMZN ) shares were up 0.4% at $33.90 in pre-market trade Monday after the online retail giant said it will start managing subscription payments for start-ups and other companies in a service that launches Monday, Reuters reports.

Users may use credit card information stored with to pay for services like monthly bills. Amazon will charge a fee for the transactions.

AMZN trades in a 52-week range of $265.00 to $408.06.

And, Comverse ( CNSI ), a provider of software and systems for converged billing, active customer management

and mobile Internet, reported a wider fiscal Q1 loss that was bigger than analysts expected despite revenue that topped the Street consensus.

For the quarter ended April 30, the company posted a net loss of $16.1 million, or $0.72 per share, compared with a prior-year net loss of $3.1 million, or $0.14 per share. Three analysts polled by Thomson Financial were looking for a loss of $0.06 per share, on average, if comparable.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AMZN , CNSI

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