Sector Update: Technology Shares Mixed; Adobe Sheds 2% on Hacker Attack

By Staff,

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Technology shares are mixed in pre-bell trading, while Adobe Systems ( ADBE ) fell nearly 2% to $50.00 in pre-market trading after saying hackers have breached its servers, stealing source code for numerous products and the data of 2.9 million customers.

The company said the attackers accessed Adobe customer IDs and encrypted passwords as well as credit and debit card numbers, expiration dates and other information related to customer orders. It said some of the customer data was removed from the system.

Adobe said it is resetting relevant customer passwords and that affected customers would receive an email to reset the information. It is also notifying customers whose payment information was accessed and is working with banks to help protect customers' accounts.

Twitter (TWTR) has officially filed for an IPO, revealing strong revenue growth and net losses as it pursues a roughly $1 billion offering. Twitter has more than 200 million users. Twitter did not specify a price range or number of share proposed for its offering.

And, social networking stocks LinkedIn ( LNKD ), Facebook ( FB ) and GroupOn ( GRPN ) are all higher in the wake of the filing.

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: ADBE , FB , GRPN , LNKD

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