Sector Update: Technology


Technology stocks were lower this afternoon, with shares of technology companies in the S&P 500 declining about 0.5%.

In company news, Glu Mobile Inc. ( GLUU ) shares rose Thursday after saying its mobile games, including its Deer Hunter 2014 and Eternity Warriors 2, are supported on Google's ( GOOG ) new Android TV platform.

"Android TV offers developers like Glu a meaningful way to extend high-fidelity, action gameplay to players in the living room," according to Sourabh Ahuja, the company's vice president of Android and cross-platform development. "We anticipate a positive player response to Google's Android TV."

Ahura and other GLUU executives were scheduled to participate in a 45-minute panel discussion beginning at 2 p.m. PT at the the Google I/O conference in San Francisco.

GLUU shares recently were ahead 6.7% at $4.32 apiece, earlier rising to a session high of $4.52 a share. The stock has a 52-week range of $2.10 to $5.65 a share, advancing nearly 94% over the past 12 months.

GOOG was down 0.6% at $575.38 a share this afternoon.

In other sector news,

(+) UNXL, (+16.1%) Achieves roll-to-roll production of InTouch sensors, a capacitive, multi-touch sensor film at the company's facility in Texas.

(-) CACI, (-2.6%) Guides FY15 EPS at least $0.29 under Street view. Projected revenue also lags consensus by at least $20 mln. Sees FY14 revenue in a range of $3.5 bln to $3.6 bln, in-line with $3.56 bln consensus. Projected EPS also in-line.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: GLUU , GOOG

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