Sector Update: Technology Shares Higher Pre-Bell; Document Security Systems up 13% on Patent Lawsuit Against Apple

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Top Technology Stocks:

MSFT: +0.66%

AAPL: +0.75%


IBM: +0.40%

CSCO: +0.43%

GOOG: +0.32%

Technology shares are higher in pre-bell trading.

In technology stocks news, Document Security Systems ( DSS ) is up 13% pre-market, continuing momentum from Wednesday's after-hours session, triggered by news the company's DSS Technology Management unit has filed a patent lawsuit against Apple ( AAPL ).

The patent was filed in the U.S. District Court for the Eastern District of Texas, Tyler Division. The lawsuit is related to patents that cover the use of wireless peripheral devices.

And, shares in Renren ( RENN ), a real-name social networking internet platform in China, are down almost 12% pre-market and approaching a 52-week low after the company reported late Wednesday that its Q3 loss widened and revenue fell on "monetization" issues for its services. Shares also were cut at Jefferies on Friday morning.

The shares recently traded at $2.95 in a 52-week range of $2.52 - $4.62.



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: AAPL , DSS , RENN

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As of 12/24/2014, 02:12 PM


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