Sector Update: Technology

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Technology stocks are lower with shares of technology companies in the S&P 500 declining almost 0.3%.

In company news, CalAmp Corp. ( CAMP ) is down 2% at $23.16 a share and the developer of wireless technology solutions today saying it will partner with a General Dynamics Corp ( GD ) subsidiary to create customized versions of CAMP's broadband routers for use with GD Broadband LTE communications systems.

The first product under the agreement is CalAmp's Fusion-LTE broadband router, which operates on the latest 4G cellular networks.

In other sector news,

(+) MTSL, Inks three-year contract with SBC Communication to supply the cable, telephone and Internet access provider with mobile virtual-network enabler services.

(-) TDC, Reduces Q3 EPS forecast by as much as $0.40 to a new range of $2.70 to $2.80 per share, trailing the Thomson Reuters consensus by at least $0.03. Also sees little growth from year-ago levels, also lagging the Street view.



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: CAMP , GD

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