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Technology Sector Update for 01/11/2019: IRDM,HIMX,AAPL,ATVI


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Top Tech Stocks

MSFT -1.05%

AAPL -1.04%

IBM -0.53%

CSCO +0.35%

GOOG -1.23%

Technology stocks still were lower as a group on Friday, with the shares of tech stocks in the S&P 500 losing almost 0.3% in value although the Philadelphia Semiconductor Index was rising over 1.0% in recent trading.

Among technology stocks moving on news:

(+) Iridium Communications ( IRDM ) was almost 8% higher in late afternoon trading following the Friday morning launch of its 10th Iridum NEXT satellite from Vandenberg Air Force Base in California into low-earth orbit, completing a two-year, $3 billion effort to replace its entire fleet of 75 communications satellites.

In other sector news:

(-) Himax Technologies ( HIMX ) has little changed this afternoon, giving back a more than 6% advance that followed the fabless chipmaker saying it secured a significant design win for in-cell touch and display driver integration with a "major" South Korean smartphone maker. The company expects to begin shipments under the award in Q1.

(-) Apple ( AAPL ) was down 1% on Friday after The Wall Street Journal reported that the company is preparing to launch three new iPhone models later this year despite recently slashing its revenue forecast following sub-par demand for its latest iPhone updates.

(-) Activision Blizzard ( ATVI ) slid as much as 13% Friday after saying it was ending its partnership with game design and development firm Bungle and will not realize any material revenue or operating income fr

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

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



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