Sector Update: Technology


Technology shares were higher in pre-market trade Monday.

In technology stocks news, Tableau Software ( DATA ) said it has filed with the U.S. Securities and Exchange Commission for a follow-on offering of $300 million of its class A common shares.

Underwriters have an option to buy shares worth up to an additional $45 million. The software company didn't say what it plans to use the proceeds for.

DATA closed lower 1.3% on Friday. The stock is trading in the upper half of the 52-week range between $44.00 and $102.37.

And, JA Solar Holdings ( JASO ), which designs and manufactures solar cells, was up 4.2% at $11.90 in morning trade after it reported Q4 results that beat the Street view.

JA Solar Holdings' reported non-GAAP earnings per diluted ADS in Q4 2013 were RMB 0.94, or $0.16, and net revenue was RMB 2.2 billion ($357.3 million). The Street expected a loss of $0.06 per share and revenue of $292 million, according to Capital IQ.

Finally, Giant Interactive Group ( GA ), a China-based online game developer and operator, said it entered into a definitive Agreement with Giant Investment Limited and Giant Merger Limited, a wholly owned subsidiary of Parent.

Under the terms of the deal, the acquirers will buy the company for cash consideration equal to US$12.00 per ordinary share of the company and US$12.00 per American Depositary Share of the company, each representing one Share (each, an "ADS"), or approximately US$3.0 billion in aggregate cash consideration.

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 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: DATA , JASO , GA

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