Markets

Sector Update: Tech

Technology stocks were falling this afternoon, with shares of technology companies in the S&P 500 off about 0.5%%.

In company news, shares of LiveDeal Inc. ( LIVE ) surged Thursday after the online listing service company reported a 244% increase in website visits during the first week of a 35-city advertising campaign over the same seven-day period last month.

The ad campaign was designed to drive user traffic and website registration for restaurant owners collaborating with LIVE to promote more than 10,000 meal specials.

LIVE shares were ahead 13.6% in early afternoon trade at $3.96 each, earlier advancing to a session high of $4.43 a share. The stock has a 52-week range of 79 cents to $11.94 a share, posting a nearly four-fold jump in value over the past 12 months, rising just under 383% over that span.

In other sector news,

(+) KEYW, (+5.4%) U.S. government agency takes initial delivery of the company's HawkEye G next-generation threat investigation and automated malware removal tool. Financial terms were not disclosed.

(-) VTSS, (-11.5%) Prices offering of 7.46 mln shares of its common stock at $3.35 each, a 12.3% discount to Wednesday's closing price. Deal generates $25 mln in gross proceeds, which are tabbed for working capital and general corporate uses.

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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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