Top Tech Stocks
Technology stocks were narrowly higher with shares of technology companies in the S&P 500 rising about 0.2% this afternoon.
In company news, Qualcomm ( QCOM ) was holding on to a fractional gain late Tuesday, with the mobile chipmaker overcoming a report it may face a European antitrust investigation linked to a four-year-old complaint by an Nvidia Corp ( NVDA ) subsidiary.
Citing three people familiar with the matter, Reuters reported the EU probe had its origins in a June 2010 complaint by British cell-phone chipmaker Icera accusing QCOM of anti-competitive practices. NVDA acquired Icera the following year.
"The Commission may open a case after the summer," one of the sources told Reuters, declining to be named because of the sensitivity of the matter.
QCOM shares were up about 0.6% at $77.02 shortly before the closing bell today, just off its $7.09 intra-day high. The stock has traded within a 52-week range of $65.47 to $81.97 a share, climbing about 14.4% over the past 12 months.
In other sector news,
(+) DGLY, Continues recent advance as interest grows in providing police officers with wearable cameras since the Aug. 9 fatal police shooting of an unarmed youth in Ferguson, Mo. The stock is now up 226% over the past two weeks through yesterday's close.
(-) ADEP, Reports GAAP net loss of $0.03 per share, expanding on a $0.01 per share loss last year and trailing Street view looking for a $0.02 per share profit. Revenue rises 4% to $14.3 million but still lags the Capital IQ consensus by $1.9 mln.
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