Top Technology Stocks:
Technology shares are higher in pre-bell trading, as Tellabs ( TLAB ) is up 6.4% at $2.50.
Tellabs said Marlin Equity Partners will acquire all of the communications service provider's shares for $2.45 per share, or $891 million, in cash. The price represents a 4.3% premium over the Oct. 18 closing price.
And, Crown Castle International Corp. ( CCI ), owner-operator of wireless communication infrastructures, reported Q3 EPS of $0.16, lower than the $0.19 that analysts on Capital IQ had expected. Revenues totaled $749 million, better than the consensus estimate of $$731 million. Year-ago EPS was $0.14 on revenues of $$621 million.
CCI also plans to initiate a quarterly dividend of $0.35 per share beginning in the first quarter of 2014. CCI is up 0.7% at $76.49 pre-market.
Finally, Check Point Software Technologies ( CHKP ) is up 0.8% at $58.87 after it reported Q3 earnings of $0.85 per share, ex one-time items, versus the Capital IQ consensus of $0.84. Revenues were $344.1 million, versus the analyst estimate of $343.54 million.
In the same period last year, the company reported EPS of $0.79 on revenues of $332.4 million.
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