hrs

Technology Sector Update for 02/06/2015: EBAY, HRS

Top Technology Stocks:

MSFT: +0.24%

AAPL: -0.10%

IBM: +0.06%

CSCO: +0.70%

GOOG: +0.47%

Technology shares were higher into the opening bell Friday.

In technology stocks news, eBay ( EBAY ) was slightly lower in pre-market despite revising its Q4 earnings higher to reflect a reduction in income tax for that quarter.

In eBay's Q4 earnings report, out January 21, 2015, the company had reported a net Q4 income of $936 million, or $0.75 diluted EPS.

And, Harris ( HRS ), a communications and information technology company, has agreed to acquire Exelis ( XLS ), an aerospace, defense, information and services company, in a cash-and-stock transaction valued at $23.75 per share, for an approximately $4.75 billion enterprise value.

The acquisition is slated to close in June 2015 and is expected to be slightly accretive to HRS in the first full year and a significant contributor thereafter.

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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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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