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Sector Update: Small Gains for Tech Stocks Today; MIND C.T.I. Climbs Almost 6% After Landing New Client, 2 Contract Renewals

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MSFT +0.07%

AAPL +0.01%

IBM +0.09%

CSCO -0.52%

GOOG +0.90%

Technology stocks were narrowly higher with shares of technology companies in the S&P 500 rising about 0.1%.

In company news, American depository shares of MIND C.T.I. Ltd. ( MNDO ) rose Monday after the Israeli payments and customer-service software company won a new order from an unidentified customer as well as two significant follow-on orders from a pair of existing clients.

The new contract calls on MNFO to build the first commercial 4G LTE mobile network in Bulgaria, also offering high-speed mobile internet in the eastern European country.

MNDO also said it received a follow-on order for a major upgrade of a wired and wireless network in Guam as well as a second follow-on order with an African company that has been using MNFO's MINDBill system since inception for its WiMAX prepaid rollout in 2009.

Financial terms of the contracts were not disclosed.

MNDO shares were up nearly 6% at $2.39 apiece this afternoon, just 2 cents off their session high. The stock has a 52-week range of $1.60 to $2.47 a share, rising nearly 52% over that 12-month span.

In other sector news,

(+) PLXT, (+9.1%) Agrees to $309 million buyout offer, including assumed debt, from Avago Technologies ( AVGO ), which will pay $6.50 a share in an all-cash transaction.

(-) NVDA, (-1.3%) Cut to Underperform at Pacific Crest, citing a glut of high-end desk-top GPUs.

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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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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