Technology shares were generally mixed in pre-market trade Monday.
In technology stocks news, Amazon.com ( AMZN ) shares were up 0.4% at $33.90 in pre-market trade Monday after the online retail giant said it will start managing subscription payments for start-ups and other companies in a service that launches Monday, Reuters reports.
Users may use credit card information stored with Amazon.com to pay for services like monthly bills. Amazon will charge a fee for the transactions.
AMZN trades in a 52-week range of $265.00 to $408.06.
And, Comverse ( CNSI ), a provider of software and systems for converged billing, active customer management
and mobile Internet, reported a wider fiscal Q1 loss that was bigger than analysts expected despite revenue that topped the Street consensus.
For the quarter ended April 30, the company posted a net loss of $16.1 million, or $0.72 per share, compared with a prior-year net loss of $3.1 million, or $0.14 per share. Three analysts polled by Thomson Financial were looking for a loss of $0.06 per share, on average, if comparable.
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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.
