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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.

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





This article appears in: Technology , Commodities
Referenced Symbols: MX , MDSO , QCOM , MSFT , AAPL



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