Top Tech Stocks
Technology stocks were slightly higher, with shares of
technology companies in the S&P 500 gaining around 0.2%.
In company news, Red Hat Inc. (
) slid Monday although it and Hortonworks expanded their strategic
alliance, including the integration of their product lines.
The new partnership also includes linking the Hortonworks data
platform with RHT's enterprise storage tools, with customers of the
beta project receiving support directly from the two companies
rather from the open-source community.
RHT shares were off about 1% at $56.44 each in recent trade,
rebounding from an earlier slide to $56.00 a share. The stock has a
52-week range of $41.89 to $60.19 a share.
In other sector news,
(+) PLUG, (+17.3%) Receives significant contract from an
unidentified retailer to install its hydrogen fuel-cell systems at
six distribution centers in North America over the next two years.
The first site is expected to be operational by Q2.
(-) MTSN, (-7.3%) Announces plans for an underwritten public
offering of a yet-to-be-determined number of shares of its common
stock. The deal is expected to price after the market close.