Sector Update: Technology

By
A A A

Technology shares were generally higher in pre-market trade Wednesday.

In technology stocks news, Envivio ( ENVI ), a provider of software-based video processing and delivery solutions, was up 22% after it said it is powering premium live HD sports channels on Apple TV for a European Tier 1 service provider.

And, Advanced Micro Devices Inc. ( AMD ) and Globalfoundries Inc. said late Tuesday that they agreed to a revised wafer supply agreement for 2014.

AMD expects to pay the chip producer $1.2 billion in 2014, according to the agreement that fixes prices and purchase commitments. The agreement doesn't affect AMD's financial goals and gross margin in 2014, the company said.

Globalfoundries was formed in 2009 when AMD divested its semiconductor production business.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: ENVI , AMD

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,092,207
  • $45.67 ▲ 1.44%
26,173,229
  • $13.81 ▼ 4.10%
25,602,425
  • $12.97 ▲ 7.10%
19,518,551
  • $104.84 ▲ 0.01%
18,295,969
  • $11.295 ▲ 4.29%
16,593,739
  • $19.465 ▼ 15.81%
15,293,805
  • $16.6201 ▲ 0.12%
14,773,807
  • $98.16 ▲ 0.35%
As of 10/24/2014, 11:32 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com