Technology Sector Update for 01/22/2019: LOGI, TSEM, IPGP, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -0.87%

AAPL: -0.47%

IBM: -0.10%

CSCO: -0.64%

GOOG: -0.93%

Technology stocks were falling in Tuesday's pre-market trading .

In other sector news:

(+) Logitech International ( LOGI ) was up more than 1% after i t report ed Q3 fiscal 2019 non-GAAP diluted earnings per share of $0.79, up from $0.65 during the year-ago quarter, and beating the Capital IQ consensus forecast of $0.67.

(+) TowerJazz ( TSEM ) was more than 1% higher after saying it has teamed up with Ranix, a provider of solutions for automotive communication and IoT security, to develop RF transceivers for use in V2X, or Vehicle-to-everything, and ETCS, or Electronic Toll Collection System, modems for the automotive market.

(=) IPG Photonics ( IPGP ) was unchanged as it agreed to acquire the submarine networks division of Padtec SA, a provider of submarine networking technology and systems based in Sao Paulo. Financial terms were not disclosed.

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: LOGI , TSEM , IPGP , MSFT , AAPL

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