Technology stocks are slightly higher with shares of technology
companies in the S&P 500 gaining about 0.2%.
In company news, Fusion-io Inc. (
) is up 15% at $10.97 a share, climbing as high as $11.22 today
after two of the flash-memory company's top executives purchased
nearly 160,000 shares of its stock late last week.
CEO Shane Robison Friday bought 105,500 shares at an average
price of $9.52 each, according to regulatory documents released
today, spending just over $1 million in the string of open-market
Also on Friday, Chief Operating Officer Lance Smith exercised
options to purchase 21,668 shares at 65 cents apiece and then
bought another 31,250 shares are $1.96 each. His cash outlay
totaled just over $75,300 for nearly 53,000 shares.
Separately today, FIO announced new updates to its Fusion ION
data accelerator all-flash shared storage systems, adding an
additional flash-based memory tier for companies using Microsoft (
) and Oracle (
) SQL servers.
In other sector news,
(+) GOOG, EU regulators reportedly are giving the search-engine
company's rivals four weeks to review its latest proposal to
address anti-trust concerns.
(-) DGLY, Files suit against Utility Associates Inc. seeking to
halt the rival company sending more letters to existing and
prospective DGLY customers alleging third-party purchasers could be
liable for patent infringement.
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