Tech Stocks Still Inching Higher; Fusion-io Surges After CEO Spends $1 Mln to Buy Stock
Top Tech Stocks
Technology stocks are slightly higher with shares of technology companies in the S&P 500 gaining about 0.2%.
In company news, Fusion-io Inc.( FIO ) is up 15% at $10.97 a share, climbing as high as $11.22 today after two of the flash-memory company's top executives purchased nearly 160,000 shares of its stock late last week.
CEO Shane Robison Friday bought 105,500 shares at an average price of $9.52 each, according to regulatory documents released today, spending just over $1 million in the string of open-market purchases.
Also on Friday, Chief Operating Officer Lance Smith exercised options to purchase 21,668 shares at 65 cents apiece and then bought another 31,250 shares are $1.96 each. His cash outlay totaled just over $75,300 for nearly 53,000 shares.
Separately today, FIO announced new updates to its Fusion ION data accelerator all-flash shared storage systems, adding an additional flash-based memory tier for companies using Microsoft ( MSFT ) and Oracle ( ORCL ) SQL servers.
In other sector news,
(+) GOOG, EU regulators reportedly are giving the search-engine company's rivals four weeks to review its latest proposal to address anti-trust concerns.
(-) DGLY, Files suit against Utility Associates Inc. seeking to halt the rival company sending more letters to existing and prospective DGLY customers alleging third-party purchasers could be liable for patent infringement.