Top Tech Stocks
Technology stocks are higher with shares of technology companies
in the S&P 500 adding 1.2%.
In company news, Wi-LAN Inc. (
) is up 11.5% at $4.06 a share in late trade, posting solid gains
for a third day in a row and today's gains supported by the network
equipment company saying HTC has agreed to a multi-year licensing
deal for selected WILN patents used in mobile handsets and tablets
sold within the United States.
The agreement also ends all five of the pending lawsuits between
the firms. WILN said it expects a definitive pact to finalized by
Oct. 31. Specific financial terms of the agreement were not
In other sector news,
(+) ADBE, Despite missing EPS estimates, investors are cheered
by the software firm reporting 1.03 million paid Creative Cloud
subscriptions at the end of Q3, up 47% from the prior quarter.
(-) DRWI, Prices 11.9 million new shares at $2.10 each, a
discount of about 15% to Tuesday's closing price.
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