Technology stocks are ending broadly higher today with shares of
technology companies in the S&P 500 adding over 0.8% as a
In company news, Ruckus Wireless Inc. (
) is holding on to a 4.6% advance shortly before the closing bell,
with shares now fetching $13.23 each after analysts at Stifel
Nicolaus initiated coverage of the wi-fi services carrier with a
The research shop also set a $17 per share price target for the
In other sector news,
(+) CRDS, Data-archival company files suit against Dell Inc,
Tandberg Data Corp and Huawei Technologies Co. Ltd alleging they
are infringing on three of the company's patented technologies.
(-) GAME, Chinese online gaming company posts EPS of $0.26,
topping estimates by $0.02 per share. Revenue rises 7.3% year over
year to $182.9 mln, roughly in-line with estimates. Massively
multiplayer online games make up 85.3% of revenue.
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