Tech Stock Holding Small Gains; Oracle Edging Higher After Positive Court Decision in Copyright Fight


Top Tech Stocks

MSFT -0.17%

AAPL +0.86%

IBM -0.16%

CSCO -0.60%

GOOG +0.72%

Technology stocks were slightly higher, with shares of technology companies in the S&P 500 rising nearly 0.2%.

In company news, Oracle Corp ( ORCL ) shares were narrowly higher this afternoon after the business software firm won a federal court decision late last week in a copyright fight with Rimini Street Inc.

ORCL on Monday disclosed the Feb. 17 decision in a news release, saying a U.S. District Court judge in Las Vegas ruled that Rimini Street infringed ORCL copyrights by installing PeopleSoft software on its computer systems to test software updates for customers.

The court also rejected defense claims the copying was permitted under licenses held by Rimini Street's customers, entering a partial judgment in ORCL's favor. Issues relating to other software and customers along with a second motion also seeking a summary judgment on other issues were reserved for trial.

ORCL shares have swung between small gains and losses on Tuesday, rising 0.1% to $38.03 apiece in recent trade. The stock has a 52-week range of $29.86 t $38.77 a share.

In other sector news,

(+) BBRY, (+6.8%) Raised to Market Perform from Underperform with a $10 price target at FBR Capital, citing smart-phone company's liquid assets. Warns meaningful turnaround is still several quarters away. Also, Third Point LCC buys 10 mln shares during Q4, now owns 1.9% stake.

(-) SYMC, (-2.8%) Reportedly ships its Symantec Endpoint Protection without removing several critical security vulnerabilities, according to SEC Consult Security. The software was developed to protect against viruses, worms, Trojan horses, spyware and adware along with other types of malware.

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

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

This article appears in: Investing , Commodities

Referenced Stocks: ORCL

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