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Technology Sector Update for 04/08/2015: VRNG,FENG,AIXG

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Technology stocks were little changed this afternoon with the S&P Technology Index climbing about 0.1%.

In company news, Vringo ( VRNG ) was higher late Wednesday after a federal judge in New York late yesterday ruled ZTE violated a non-disclosure agreement between the companies.

The court granted Vringo's motion for judgment on the pleadings in part, finding that ZTE breached the non-disclosure agreement but denied VRNG's claim of unfair competition claim against ZTE. The judge also declined a ZTE motion to dismiss VRNG's claims.

VRNG shares were up over 7% at 75 cents apiece, matching the session high. The stock has traded within a 52-week range of 46 cents to $4.27 a share, sinking 82% over the past year ahead of today's advance.

In other sector news,

(+) FENG, Chief Marketing Officer Ling Jin tenders her resignation, effective immediately, although Jin will continue to work with the company through June 305 to ensure an orderly transition. She also will remain a senior strategic advisor to the Company through June 30, 2016.

(-) AIXG, Acquires privately held PlasmaSi Inc. for up to $16 mln in cash, with plans to integrate PlasmaSi's thin-film encapsulation process into its existing OLED cluster for customer demonstration purposes.

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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