Technology stocks are little changed in afternoon trade with
shares of technology companies in the S&P 500 slipping less
than 0.1% near the closing bell.
In company news, DragonWave Inc. (
) is down 11% at $2.44 in late Friday trade after saying it plans
to sell a yet-to-be-determined number of equity units in a proposed
underwritten public offering.
Each unit will consist of one share of common stock and one-half
of a warrant to purchase another share, also at an undetermined
The supplier of packet microwave radio systems for mobile and
access networks late yesterday said it was expecting to price the
offering shortly before the start of trading today although there
has been no formal word of the deal issued yet today.
In other sector news,
(+) NQ, Climbs to new 52-week high after launching Music Radar,
a new application for content-based music information retrieval,
through its Yinlong subsidiary in China.
(-) SSYS, Prices 4.5 mln shares of its common stock at $93.00
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