Top Tech Stocks
Technology stocks were moderately higher, with shares of
technology companies in the S&P 500 gaining about 0.5% in
In company news, Wi-LAN (WILN, WIN.TO) shares were higher
Wednesday after the Canadian company announced a deal for the
technology underlying irrigation-control systems, the latest in a
growing series of new patent licensing agreements.
The company's shares were up 2% in afternoon trade at $2.96
apiece, matching their high-water mark for the session. The stock
also was higher at the Toronto Stock Exchange, climbing 1.6% to
C$3.23 a share in recent trade.
WILN said it purchased a patent portfolio already licensed to a
third party and that will begin generating revenue for the company
beginning with the current quarter. WILN will receive all future
revenues generated by existing royalty agreements while sharing
revenue from any new licensing agreements with the unidentified
In a separate transactions earlier this month, WILN last week
bought the patent supporting an automotive diagnostics technique
along with an April 2 deal for a package of wireless network
security patents. Financial terms of either deal were not disclosed
but the company said the cost of the automobile-related patent
would not have a material impact on its cash position.
The license deal with the undisclosed wireless carrier was part
of a broader licensing initiative started at WILN last year, the
company said. The patents included in that deal were for a subset
of the global portfolio of patents and applications that WILN
acquired from Siemens AG (
) related to telecommunication network management and mobile
multimedia in July 2012.
In other sector news,
(+) YHOO, (+5.6%) Q1 earnings of $0.38 per share beat by $0.01.
Revenue climbs 1.2% over the same quarter last year to $1.09 bln,
in-line with estimates. GAAP display revenue was unchanged at $463
mln; search revenue was up 5% to $445 mln.
(-) LLTC, (-3.7%) Q3 revenue climbs 10.6% over year-ago levels
to $348 mln but narrowly lags Capital IQ consensus by $2 mln.
Non-GAAP EPS of $0.55, excluding $0.07 per share in one-time items,
$0.07 better than estimates. Q4 revenue outlook in-line with