Sector Update: Technology Shares Mixed Pre-Bell; JA Solar Selling 15 Mln Shares

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Top Technology Stocks:

MSFT: -0.34%

AAPL: +0.84%

IBM: flat

CSCO: +0.15%

GOOG: flat

Technology shares are mixed in pre-bell trading. JA Solar ( JASO ) said it is placing shares with an institutional investor that will result in gross proceeds of up to $96 million.

The company is selling 15,228,425 ordinary shares, represented by 3,045,685 American Depositary Shares at $7.88 per ADS. It has also agreed to issue warrants that can be exercised within three months, six months, nine months and 12 months. JASO edged up 0.5% in pre-market trade.

Also, Gilat Satellite Networks ( GILT ) says Q2 sales were $80.2 million, below the Thomson Reuters mean for $81.17 million. Non-GAAP net loss was $0.05, below estimates for a penny profit. GILT is flat at $5.17 pre-market.



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: GILT , JASO

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