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Technology Sector Update for 04/06/2015: NVDA, DDD, RESN

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MSFT +3.25%

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CSCO +0.42%

GOOG +0.27%

Technology stocks were enjoying still brisk gains Monday with the S&P Technology Index advancing over 1.0% this afternoon.

In company news, NVIDIA ( NVDA ) rose Monday after the chipmaker today said a pre-trial Markman decision by the presiding judge in its patent dispute before the U.S. International Trade Commission with rivals Samsung and Qualcomm ( QCOM ) favors NVDA's "preferred construction on nearly all of the claims that were disputed."

"We're very pleased with the outcome of the ruling, in which claim constructions favorable to NVIDIA will be applied to six out of seven disputed claims when the judge considers the question of Samsung's and Qualcomm's infringement," NVDA General Counsel David Shannon said in prepared remarks. "We look forward to a full hearing in late June."

NVDA shares were up over 3% at $21.70 each, earlier climbing to a session high of $16.77 to $23.61 a share. The stock has traded within a 52-week range of $16.77 to $23.61 a share, already rising nearly 12% over the past 12 months through Thursday's close.

In other sector news,

(+) DDD, Acquires Easyway Design and Manufacture Co. in China for an disclosed amount. Easyway operates 3D printing sales and service provider in Shanghai, Wuxi, Beijing, Guangdong and Chongqing.

(-) RESN, Late Thursday said its development agreement with its first customer was terminated, adding it will pursue commercialization of filter design with another customer and expects to have a prototype completed by the end of 2015.

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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