Technology Sector Update for 07/26/2017: XPLR, IFON, AKAM, AAPL

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Technology stocks were moderately lower this afternoon, with shares of tech companies in the S&P 500 posting a nearly 0.4% retreat.

In company news, Xplore Technologies ( XPLR ) turned lower this afternoon, reversing a nearly 9% gain to a session high of $2.49 a share made after the company said it received multiple orders for its XSLATE R12 rugged tablet personal computer from one of the largest U.S. telecommunications companies.

According to Xplore Tech, the long-time customer will replace the laptop computers currently used by its outdoor plant engineers with the XSLATE R12 tablets, also buying office docking stations and other accessories as part of a broader technology upgrade at the company.

Xplore said it expects the orders to extend over the next several quarters and running concurrently with another multi-year workforce mobility project announced in April and now underway at the telecom company that will equip all of the field technicians in its construction and engineering unit with Xplore's XSLATE B10 tablets.

In other sector news,

(+) IFON, (+17.5%) Acquires Cooltech Holding Corp. for 62.5 mln shares of its common stock, valuing the licensing Apple ( AAPL ) partner and reseller at about $31 million. A Q4 close is expected.

(-) AKAM, (-13.6%) Oppenheimer lowers price target by $4 to $54 a share, reiterating Outperform rating.

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: AAPL , AKAM

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