Sector Update: Technology Shares Higher Pre-Market; JA Solar Soars 15% on Q4 Results


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Top Technology Stocks:

MSFT: +0.53%

AAPL: +0.73%

IBM: +0.43%

CSCO: +0.19%

GOOG: +0.65%

Technology shares were higher in pre-market trade Monday.

In technology stocks news, Tableau Softwarea ( DATA ) said it has filed with the U.S. Securities and Exchange Commission for a follow-on offering of $300 million of its class A common shares.

Underwriters have a an option to buy shares worth up to an additional $45 million. The software company didn't say what it plans to use the proceeds for.

DATA closed lower 1.3% on Friday. The stock is trading in the upper half of the 52-week range between $44.00 and $102.37.

And, JA Solar Holdings ( JASO ), which designs and manufactures solar cells, was up 4.2% at $11.90 in morning trade after it reported Q4 results that beat the Street view.

JA Solar Holdings' reported non-GAAP earnings per diluted ADS in Q4 2013 were RMB 0.94, or $0.16, and net revenue was RMB 2.2 billion ($357.3 million). The Street expected a loss of $0.06 per share and revenue of $292 million, according to Capital IQ.

Finally, Giant Interactive Group ( GA ), a China-based online game developer and operator, said it entered into a definitive Agreement with Giant Investment Limited and Giant Merger Limited, a wholly owned subsidiary of Parent.

Under the terms of the deal, the acquirers will buy the company for cash consideration equal to US$12.00 per ordinary share of the company and US$12.00 per American Depositary Share of the company, each representing one Share (each, an "ADS"), or approximately US$3.0 billion in aggregate cash consideration.

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

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This article appears in: Investing , Commodities
More Headlines for: DATA , JASO , GA

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