Top Tech Stocks
Technology stocks were moderately higher late Tuesday with
shares of technology companies in the S&P 500 climbing 0.4%
In company news, Symantec (
) shares were narrowly higher amid market speculation the security
software company is being eyed by activist investors for a
Other changes could include bringing in private equity firms for
buyout possibilities, Reuters was reporting, with the increased
outsider interest apparently sparked by the abrupt departure last
month of CEO Steve Bennett.
Reuters said ValueAct Capital is among the activist investors
taking a look at the company, and that PE firms including Bain
Capital, Blackstone Group and Carlyle Group were contemplating
leveraged buyout possibilities for all or parts of the company.
In late afternoon trade, SYMC was up 0.2% to $20.65 a share,
rising as high as $20.87 during today's session.
In other sector news,
(-) WAVX, Jumps more than two-thirds in value after expanding
partnership with Micron Technology (
) to develop new protections against current and future threats to
computer and embedded platforms. MU shares also rose.
(+) ZBRA, Buys enterprise business from Motorola Solutions (
) for $3.45 bln in cash; expects deal to be immediately add to cash
earnings. Q1 EPS guidance beats consensus by at least $0.05 per
share. Revenue outlook also exceeds estimates.
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