Top Tech Stocks
Technology stocks are turning higher with the broader markets in
the wake of the Federal Open Markets Committee's announcement this
afternoon of unchanged policy. Shares of technology companies in
the S&P 500 were last up 0.6%.
In company news, BlackBerry Ltd (
) is lower at $10.43 a share, sliding about 1.2%, as it gives back
early gains that followed the new launch of its Z30 smartphone at
an event in Kuala Lumpur, Malaysia.
The new touchscreen device boasts a five-inch display and a 1.7
gigahertz processor and is intended to compete against Apple Inc's
) iPhone 5S and Samsung Electronics Co's Galaxy S4, along with a
slew of other devices that are powered by Google Inc's (
) Android platform.
In other sector news,
(+) ADBE (+6.4%) Despite missing EPS estimates, investors are
cheered by the software firm's reporting 1.03 million paid Creative
Cloud subscriptions at the end of Q3, up 47% from the prior
(-) DRWI (-15.4%) Prices 11.9 million new shares at $2.10 each,
a discount of about 15% to Tuesday's closing price.
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