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Technology Sector Update for 06/16/2015: NCR,BX,CG,APO,ETAK,KEYW

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Top Tech Stocks

MSFT +1.13%

AAPL +0.58%

IBM +0.43%

CSCO +0.93%

GOOG +0.28%

Technology stocks were mostly higher today with shares of technology companies in the S&P 500 rising about 0.7% in afternoon trade.

In company news, NCR Corp ( NCR ) shares climbed to a 14-month high on Tuesday after private equity firms Blackstone ( BX ) and the Carlyle Group ( CG ) reportedly were considering a $10 billion leveraged buyout of the cash register and transaction equipment manufacturer.

Other buyout firms likely to bid for NCR include Apollo Global Management LLC ( APO ) and Thoma Bravo LLC, people familiar with the matter told Reuters, adding an auction for the company probably won't occur for several more weeks.

NCR shares were up over 11% at $34.86 each this afternoon on the news, earlier rising to their highest share price since April 2014 at $36.50 a share. Entering today's session, the stock had dropped nearly 6% over the past 12 months.

BX was down about 0.3% at $42.10 a share in late trade, while CG shares were up nearly 1% at $28.39 apiece. APO shares were down about 0.2% at $21.27 each shortly before the closing bell.

In other sector news,

(+) ETAK, Agrees to $13.5 mln settlement with lusacel, which will pay $12.6 mln in cash and the rest in exchange for certain obligations as the companies end their relationship.

(-) KEYW, Former Board Chairman and CEO Len Moodispaw dies yesterday, less than a month after retiring for undisclosed health reasons. The company founder was 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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