Sector Update: Technology

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Top Technology Stocks:

MSFT: -1.56%

AAPL: +0.22%

IBM: +0.14%

CSCO: +0.02%

GOOG: +0.18%

Technology shares are higher in pre-bell trading, while Sky-mobi ( MOBI ) reported Q2 loss of RMB 0.13 or $0.02 per ADS, in line with the Capital IQ single analyst estimate of $0.02 loss per ADS. Revenues were RMB 116.6 million or $19.1 million, versus the single analyst estimate of $18 million. Revenues from smartphones represented 33.6% of total revenues.

In the same period last year, the company reported EPS of on revenues of RMB 139.8 million.

Shares closed at $3.90 with a 52-week range of $1.54 - $5.87.

And, ChipMOS Technologies Ltd. ( IMOS ), supplier of semiconductor testing and assembly services, reported Q3 2013 net income of $15 million, or $0.49 per diluted share, up from $12.7 million, or $0.45 per diluted share, in the prior-year period.

Revenues were $172.9 million, a decrease of 0.5% from $173.9 million for the same period in 2012.

For Q4, IMOS expects revenue to be approximately 4% to 8% lower than Q3 2013, reflecting the impact of normal seasonality, along with inventory adjustments at a limited number of customers. Capex spending is seen at $41 million during the quarter.



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: IMOS , MOBI

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As of 11/21/2014, 04:15 PM

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