Technology stocks are higher near the close with shares of
technology companies in the S&P 500 rising nearly 1.7%.
In company news, Microsoft (
) is up slightly more than 2% at $ a share with the software giant
reportedly said to be considering scrapping Internet cookies and
replacing them with its own tracking technology, Ad Age says.
Several other technology heavyweights - including Google (
), Apple (
), Facebook (
) and Amazon (
) - have voiced similar interest in finding a substitute to
cookies, according to the article.
In MSFT's case, the company would develop its own tracking
technology spanning desktop PCs, mobile devices and tablets running
the Windows software, as well as devices and applications like the
Xbox videogame console, Internet Explorer browser and Bing search
engine, Ad Age says.
In other sector news,
(-) CTXS, Credit Suisse pares price target 39% to $85 a share
after the inter-office networking company warns its Q3 earnings and
revenue would trail both prior forecasts and Wall Street
(-) CKSW, Sees Q3 net loss of $0.10 per share, ex items, lagging
Wall Street view by $0.13. Revenue is seen falling 15.1% year over
year to $23.2 mln, also missing expectations by $5.05 mln.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.