Sector Update: Technology Shares Lower Pre-Bell; Blackberry up 9% on Going Private Report

By Staff,

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Top Technology Stocks:

MSFT: -0.12%

AAPL: -0.26%

IBM: -0.26%

CSCO: +0.42%

GOOG: -0.02%

Technology shares are lower in mid-day trading. Blackberry ( BBRY ) is up 9% in pre-market trading after Reuters reported that the smartphone maker is warming up to the idea of going private to allow it to revive its flagging finances out of the public eye.

There has been a "change of tone" on the board, the report said. However, no deal is imminent, and BlackBerry has not launched any kind of a sale process, it added.

Separately, Blackberry said last night the U.S. Defense Information System Agency has given BlackBerry Z10 and BlackBerry Q10 smartphones with BlackBerry Enterprise Service 10, the Authority to Operate ( ATO ) on Department of Defense (DoD) networks. BlackBerry is the first Mobile Device Management ( MDM ) provider to obtain an ATO, the company said.

And, Ebix ( EBIX ) says Q2 sales were $51 million, a million short of expectations. EPS were $0.35, above the Thomson Reuters mean for $0.32. EBIX is down 4% at $10.75 in pre-market trade.

Finally, America Movil SAB de CV ( AMX ), which owns 29.8% of Koninklijke KPN, is launching a bid to acquire the rest of the Dutch carrier for 2.40 euros a share. AMX shares are down 2% in pre-market.

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

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

This article appears in: Investing Commodities
Referenced Stocks: AMX , ATO , BBRY , EBIX , MDM

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