Technology Sector Update for 06/12/2019: MX, MDSO, QCOM, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -0.37%

AAPL: -0.79%

IBM: -0.40%

CSCO: -2.00%

GOOG: -0.60%

Leading technology stocks were declining pre-market Wednesday.

Stocks moving on news include:

(+) MagnaChip Semiconductor ( MX ), which was more than 20% higher after boosting its revenue guidance for its current fiscal quarter. The company said in a statement that it now expects Q2 revenue to be at least $194 million, as compared to its previous estimate of $173 to $181 million.

(-) Medidata Solutions ( MDSO ) was declining by over 3% after it confirmed that it agreed to be acquired by French technology group Dassault Systemes in an all-cash deal worth $5.8 billion.

(-) Smartphone maker LG Electronics and the US Federal Trade Commission have asked US District Judge Lucy Koh to deny a request from Qualcomm ( QCOM ) to delay enforcement of a May 21 antitrust decision, media reported. Qualcomm was recently retreating by more than 2%.

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: MX , MDSO , QCOM , MSFT , AAPL

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