Technology stocks are narrowly higher, with shares of technology
companies in the S&P 500 climbing 0.1% in afternoon trade.
In company news, American depository receipts of JA Solar
Holdings Co. Ltd. (
) are up 11.7% at $12.26 apiece, earlier climbing to a new 52-week
high of $12.04 after signing a pair of agreements to supply 70
megawatts of high-efficiency polycrystalline solar modules to
Shanghai CSET Co. Ltd., a photovoltaic system integrator in
Under terms of the deals, JASO will deliver 20 megawatts of
modules next month with the remaining 50 megawatts to be delivered
before March 31, 2014.
In other sector news,
(+) GOGO, (+27.4%) Net loss widens from year-ago to $0.22 per
share but still beats analyst forecasts by $0.09. Revenue for the
in-flight wi-fi service provider rises 48% year over year to $85.4
mln, topping estimates by $8.56 mln.
(-) CRUS, (-13.3%) Barclays issues research note saying Apple (
) has stopped using the company's amplifers in its iPad Air
tablets, eliminating as much as $40 mln in yearly revenue. Also,
CEO Jason Rhode last week sells more than 100,000 of his CRUS
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