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Sector Update: Technology Shares Flat Pre-Market; AT&T up 1% on New 2014 Guidance

Top Technology Stocks:

MSFT: -0.20%

AAPL: -0.37%

IBM: flat

CSCO: flat

GOOG: flat

Technology shares were generally flat in pre-market trade Tuesday.

In technology stocks news, AT&T ( T ) shares were up about 0.8% after the company posited new guidance for fiscal 2014 and identified some Q2 trends.

AT&T raised its full-year 2014 guidance for revenue growth to be in the 5% range and reaffirmed its full-year 2014 guidance for stable consolidated margins, adjusted earnings per share growth at the low-end of the mid-single digit range

Marin Software ( MRIN ), which provides Revenue Acquisition Management platform for advertisers and agencies, has acquired San Francisco-based Perfect Audience, a privately held display and social retargeting company, it said after-hours Monday.

Perfect Audience offers advertisers an SaaS platform to retarget audiences across the web, Facebook and Twitter. Marin Software paid $22.8 million, comprised of approximately $5.4 million in cash and the remainder in common stock.

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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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