Technology shares were mixed in pre-market trade Monday.
In technology stocks news, MICROS Systems (
), a provider of information technology solutions, has agreed to be
acquired by Oracle (
Under the terms of the agreement, MICROS stockholders will
receive $68.00 in cash for each share of common stock they hold.
The purchase price represents a fully-diluted equity value of
approximately $5.3 billion, or $4.6 billion net of cash.
And, Avago Technologies (
) has agreed to acquire PLX Technology (
) in an all-cash transaction valued at approximately $309 million,
or $293 million net of cash and debt acquired.
Under the terms of the agreement, which was approved by the
Boards of Directors of both companies, a subsidiary of Avago will
begin a tender offer for all of the outstanding shares of PLX
common stock for $6.50 per share in cash. Avago expects to fund the
transaction with cash available on its balance sheet.
And, Ixia (
) is lower in
after the company reported financial results for Q4, or the quarter
ended Dec. 31, 2013, that fell short of analysts' expectations, and
provided guidance for Q1 2014 revenue below estimates.
Shares are down, on track to slipping below the 52-week low of
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