Technology Sector Update for 08/29/2017: WDC,LINU,BRQS,INTC

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Technology stocks were extending their gains shortly before the end of Tuesday trade, with shares of tech companies in the S&P 500 climbing almost 0.5%.

In company news, Western Digital ( WDC ) has turned lower in late Tuesday trading, giving back small gains earlier today that followed reports in the Nikkei Asian Review that Toshiba was close to selecting the data-storage company as its exclusive negotiating partner to buy Toshiba's memory chip unit.

Possibly weighing on Western shares this afternoon was a Reuters report, citing unnamed people with knowledge of the matter, that Toshiba may not reach a deal for the memory-chip division by its self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders.

In other sector news,

(+) LINU, Agrees to strategic cooperation pact with Shou Guang Agriculture Logistic Park, with plans to work together on product offerings, information resources and park management.

(-) BRQS, Intel ( INTC ) discloses owning a 12.9% passive stake in the software firm while Zhengqi International Holding Ltd files an amended ownership statement after buying another 966,136 shares on Aug. 18 at $10.40 apiece and boosting its overall stake to 16.2%.

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: WDC , INTC , BRQS

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