Top Tech Stocks
Technology stocks were little changed in mid-day trade with
shares of technology companies in the S&P 500 down less than
In company news, Digital Power Corp. (
) shares nearly doubled in value Wednesday, soaring to a 13-year
high after the company was awarded a 5-year military contract to
produce low-voltage DC/DC converters for Israel Aerospace
Israel Aerospace will use the converter modules to power its
TAMAM Modular Azimuth Position System navigation system, which is
used by the Israel Defense Forces in tactical warfare. According to
the companies, the devices are designed for use in varied combat
situations and are suitable for installation on a wide range of
platforms, including self-propelled guns, artillery radars, rocket
launchers, mortars and observation vehicles.
DPW shares were up 70.5% in recent trade at $2.64 each after
earlier streaking to the best price since October 2000 at $3.05 a
share, a 96.7% advance.
In other sector news,
(+) FSLR, (+13.1%) Discloses plans to develop a utility-scale
photovoltaic power plant design with General Electric (
), trumping weaker-than-expected FY14 EPS forecast after the solar
energy firm sees new earnings, revenue growth in FY15.
(-) RBCN, (-7.2%) The Co-Investment 2000 Fund LP and Cross
Atlantic Technology Fund II LP late Tuesday file to sell 2.0 mln of
their 5.02 mln shares overall in an underwritten secondary
offering. RBCN will not receive any proceeds from the deal.
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