UMC

Technology Sector Update for 04/11/2016: MSFT, AAPL, IBM, CSCo, GOOGL, YHOO, UMC

Top Technology Stocks:

MSFT: +0.2%

AAPL: +0.5%

IBM: flat

CSCO: flat

GOOGL: flat

Technology shares were mixed in pre-market trade on Monday.

In technology stocks news, Yahoo! ( YHOO ) rose in pre-market trading following a report that the parent company of the U.K.'s Daily Mail newspaper is in talks with potential partners to launch a bid for the company. Reuters said The Daily Mail & General Trust has confirmed a Wall Street Journal story stating it had approached private equity buyers to work on the bid. "We have been in discussions with a number of parties who are potential bidders," a spokeswoman for DailyMail.com said in an emailed statement to Reuters.

YHOO shares were up 1.1% at $36.48, with a 52-week range of $26.15 - $46.13.

United Microelectronics ( UMC ), a global semiconductor foundry, reported a 1.6% increase in revenues for March 2016 compared to the same period in 2015. Revenues for the month were NT$12.9 billion ($399 million), compared to NT$12.7 billion last year. For the January to March period, total revenues were NT$34.4 billion, down 8.6% from NT$37.6 billion in 2014.

UMC shares closed at $2, with a 52-week range of $1.42 - $2.45.

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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