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TSM

Technology Sector Update for 04/16/2015: FCS, TSM, TZOO

Top Technology Stocks:

MSFT: -0.34%

AAPL: -0.32%

IBM: -0.46%

CSCO: -0.35%

GOOG: -0.24%

Technology shares were anchoring into red territory before Thursday's opening bell.

In technology stocks news, American depository receipts of Taiwan Semiconductor Manufacturing Co. ( TSM ) slumped about 4% pre-market Thursday after the contract chip maker reported mixed Q1 results, with better-than-expected earnings on higher revenues that were in line with analysts' consensus, and guided Q2 revenues below expectations.

And, Fairchild Semiconductor International ( FCS ) reported Q1 earnings that met the analyst view while sales were better than expected. Adjusted net income was $13.3 million or $0.11 per diluted share, compared to $4.9 million or $0.04 per diluted share in Q1 2014 and in line with the analyst consensus on Capital IQ.

FCS trades in a 52-week range of $12.01 to $19.23 with shares steady before the opening bell.

Finally, Travelzoo ( TZOO ) shares rose 7% in recent pre-market trade after reporting a decline in Q1 earnings and revenue that nevertheless exceeded analysts' estimates. TZOO is trading in the lower half of the 52-week range between $8.45 and $19.72.

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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