Markets

Sector Update: Technology

Technology stocks are lower with shares of technology companies in the S&P 500 declining almost 0.3%.

In company news, CalAmp Corp. ( CAMP ) is down 2% at $23.16 a share and the developer of wireless technology solutions today saying it will partner with a General Dynamics Corp ( GD ) subsidiary to create customized versions of CAMP's broadband routers for use with GD Broadband LTE communications systems.

The first product under the agreement is CalAmp's Fusion-LTE broadband router, which operates on the latest 4G cellular networks.

In other sector news,

(+) MTSL, Inks three-year contract with SBC Communication to supply the cable, telephone and Internet access provider with mobile virtual-network enabler services.

(-) TDC, Reduces Q3 EPS forecast by as much as $0.40 to a new range of $2.70 to $2.80 per share, trailing the Thomson Reuters consensus by at least $0.03. Also sees little growth from year-ago levels, also lagging the Street view.

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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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