Technology Sector Update for 08/28/2017: NTWK,MXPT,UNXL

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Technology stocks continue to edge higher this afternoon, with shares of tech companies in the S&P 500 rising about 0.2%.

In company news, Netsol Technologies ( NTWK ) rose Monday after the enterprise software company today said P.T. Mizuho Balimor Finance in Indonesia has gone live with its mobile origination system.

The new mPOS application will allow Mizuho field teams to originate credit applications and provide quick turnaround and approvals to customers seeking finance and leasing products, Netsol said.

In other sector news,

(+) MXPT, Agrees to $95 mln buyout offer from Harland Clarke, which will pay $13.86 for each MaxPoint share, a 152% premium over Friday's closing price. Transaction expected to close during Q4.

(-) UNXL, Expects to file for Chapter 11 bankruptcy protection over the next day or two. Company also will pay for legal expenses of two former executives in an action brought by the U.S. Securites and Exchange Commission.

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: NTWK ,

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