Technology stocks are narrowly higher with shares of technology
companies in the S&P 500 rising about 0.2%.
In company news, Blackberry (
) is ending about 1.4% higher at $10.54 a share, still largely
trading in positive territory today despite a Bloomberg News report
the company's inventory of unsold smartphones is now approaching $1
The story speculates BBRY could write down much of that
inventory next week when it reports financial results for its
fiscal Q2 ended last month. If it occurs, the write-down would be
the company's fourth in two years.
In other sector news,
(+) KNDI, Confirms Chinese government's 2013-2015 subsidy
policies for new-energy vehicles, paying up to to RMB 60,000
($9,800) to support the purchase of an all-electric car and up to
$81,700 to help pay for an electric bus.
(-) SSNC, Begins secondary offering of 7.47 mln shares of its
common stock now held by funds affiliated with The Carlyle Group (
). The financial-services software company will not receive any
proceeds from the offering.
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