Technology stocks were adding slightly to small gains earlier in
the session with shares of technology companies in the S&P 500
climbing 0.4% today.
In company news, Broadcom Corporation (
) edged into positive territory after Zacks Investment Research
today upgraded the semiconductor manufacturer to a "Strong Buy" on
the back of its "solid Q3 results" and "new technology adoption in
The stock recently rose 0.1% to $29.19, trading within a 52-week
range of $23.25 to $37.85.
Looking ahead, Zacks said BRCM is set to benefit from increased
market penetration in emerging markets and new technology adoption
by consumers in developed markets.
In other sector news,
(+) SPCB, Completes Smart ID acquisition, forming a company with
$26.2 mln in combined 2012 pro-forma revenue and EPS of $0.88.
(-) BBRY, co-founder and former co-CEO Mike Lazaridis sells
nearly 3.17 million shares for $7.63 each. He still owns around
26.3 million shares, or about 4.99% of the company's stock.
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.