Markets

Sector Update: Info Tech; BlackBerry's QNX Unit Signs Deal with Rightware, Unveils New Car Safety Technology

Information technology stocks were mixed in afternoon trading, with the S&P/TSX Info Tech index gaining 0.3%.

BlackBerry (BB.TO): -0.2%

Vecima Networks (VCM.TO): -2.7%

Celestica (CLS.TO): +0.1%

CGI Group (GIB-A.TO): +0.5%

Macdonald Dettwiler & Associates (MDA.TO): -1.2%

In corporate news, Vecima Networks Thursday said Dr. Hugh Wood, a director and retired former COO of the company, has sold 550,500 shares at an average price of $7.00 per share. Following the sale, Wood continues to hold 3,427,050 shares. After his retirement last year, the sale is a component of Wood's estate planning.

Meanwhile, Blackberry's QNX Software Systems subsidiary launched the the QNX OS for Automotive Safety 1.0., a telematics platform used to display vehicle safety information. Separately, QNX entered into an agreement with Rightware to create a fully digital and reconfigurable instrument cluster for the QNX technology concept car.

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More