Technology Sector Update for 01/11/2019: ATVI, HIMX, MSFT, AAPL, CSCO, IBM, GOOG

Shutterstock photo

Top Technology Stocks:

MSFT: -0.48%

AAPL: -0.62%

IBM: -0.63%

CSCO: -0.53%

GOOG: Flat

Tech stocks were sinking in Friday's pre-bell trading.

Stocks moving on news include:

(-) Activision Blizzard ( ATVI ), which was down by more than 8% after it said it does not expect to recognize material revenue, operating income or operating loss from the Destiny franchise in 2019, as it transfers Destiny to game developer Bungie, which will assume full publishing rights and responsibilities for the franchise.

(+) Himax Technologies ( HIMX ) was more than 7% higher after it secured a new design win for in-cell touch and display driver integration for a major Korean smartphone maker. The company expects to begin shipments under the award in Q1.

In other sector news:

(-) Apple ( AAPL ) was slightly lower after The Wall Street Journal reported that the company will launch three new iPhone models in the fall despite recently lowering its revenue forecast on falling sales.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Technology , Commodities
Referenced Symbols: ATVI , HIMX , AAPL , MSFT , CSCO

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?