Markets

Sector Update: Technology Stocks Higher; UQM Technologies Soars on Extended Contract with Department of Energy

Top Technology Stocks:

MSFT: +0.29%

AAPL: +0.38%

IBM: flat

CSCO: -0.19%

GOOG: +0.30%

Technology shares are generally higher in pre-bell trading today.

In technology stocks news, UQM Technologies ( UQM ) is up more than 25% after it received Department of Energy approval to continue its electric motor development grant, according to the company's 8-K filing.

UQM, now trading at about $2.57, are well above their previous 52-week high of $2.39.

And, QLogic ( QLGC ), a supplier of high performance network infrastructure solutions, said Mondau that it has appointed Prasad Rampalli as president and chief executive officer, effective February 3, 2014.

Jean Hu, who has served as interim CEO since May, will continue her role as chief financial officer.

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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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