Sector Update: Technology Shares Higher

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Top Technology Stocks:

MSFT: +0.88%

AAPL: -0.62%

IBM: flat

CSCO: +0.95%

GOOG: +0.85%

Technology shares are higher in pre-bell trading.

Among technology stocks news today, Sohu.com Inc ( SOHU ) shares are up 9% pre-market and earlier set a 52-week high of $73.40 after Tencent Holdings agreed to invest $448 million in the Chinese company's internet search engine unit, Sogou.

As part of the accord, Tencent merged its Soso search-related businesses and certain other assets with Sogou.

Tencent now holds 36.5% of Sogou's equity capital on a fully-diluted basis, which could increase to 40% in the near future. Sohu remains the controlling shareholder of Sogou, which will continue to operate independently as a subsidiary of Sohu.

And MedAssets ( MDAS ) shares were downgraded to Neutral from Buy this morning by Lazard. MDAS is flat in pre-market trade at $24.49.



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

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This article appears in: Investing , Commodities

Referenced Stocks: MDAS , SOHU

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