Tech Stocks Ending Near Session Highs; Wi-Lan Surges For Third Day After HTC Settlement

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Top Tech Stocks

MSFT +0.93%

AAPL +1.94%


IBM +1.23%

CSCO +1.62%

GOOG +1.87%

Technology stocks are higher with shares of technology companies in the S&P 500 adding 1.2%.

In company news, Wi-LAN Inc. ( WILN ) 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 disclosed.

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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This article appears in: Investing , Commodities

Referenced Stocks: WILN

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