Tech Shares Little Changed; Local Corp Goes Nation-Wide in New Pact With Microsoft


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MSFT +0.58%

AAPL -0.80%

IBM +0.5%

CSCO -0.4%

GOOG +0.7%

Technology stocks are holding on to small gains today with shares of technology companies in the S&P 500 climbing less than 0.1%.

In company news, Local Corp ( LOCM ) is up 20% at near $2.00 a share, rising to as high as $2.30 - its best price levels since early January - after the online local media company reached an agreement to provide Microsoft ( MSFT ) with location-based local product data for the Bing search engine.

LOCL's Krillion shopping data platform will help power Bing's local product search results, adding relevant retail locations, brands and categories as well as product availability data and other details.

Financial terms of the pact were not disclosed. MSFT shares are up 0.6% today at near $31.40 each.

In other sector news,

(+) ENVI, (+20%, hits fresh 52 week highs) Q2 loss of $0.07 per share is $0.10 narrower than Street consensus. Revenue rises 6.5% to $11.5 mln, also beating analyst estimates by $8.4 mln.

(-) EXA, (-5.4%) Q2 revenue rose 7.6% year over year to $12.7 mln, missing analyst view by $350,000. Net loss of $0.04 per share matches consensus. Guides Q3, FY13 revenue guidance is in-line with estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
More Headlines for: LOCM , MSFT

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