Sector Update: Technology Shares Lower Pre-Market

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Top Technology Stocks:

MSFT: -0.07%

AAPL: +0.10%

IBM: -0.06%

CSCO: flat

GOOG: -0.11%

Technology shares were generally lower in pre-market trade Monday along with the broader stock market.

In technology stocks news, KLA-Tencor ( KLAC ) was upgraded to buy from neutral at B. Riley on Monday.

KLAC trades in a 52-week range of $54.29 to $71.93.

And, China Mobile Games and Entertainment Group ( CMGE ) said it has signed an exclusive licensing agreement with Japan's Tecmo Koei games Co to publish mobile game Uncharted Waters 5 in mainland China for three years.

The mobile games publisher and developer said Uncharted Waters have had a large "cult following." It said Uncharted Waters 4 was released in 1999. Uncharted Waters 5 will be released on PC, and as a web-based and mobile game. CMGE closed down 0.8% on Friday.

Finally, Perion Network ( PERI ) Monday said it has signed an agreement to buy mobile advertising platform provider Grow Mobile for up to $42 million.

The agreement includes an earn-out component that allows for an additional $25 million in cash and equity to be paid over the next 24 months.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: KLAC , CMGE , PERI

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