msft

Technology Sector Update for 07/26/2017: MSFT, AAPL, IBM, CSCO, GOOGL, SLAB, AKAM

Top Technology Stocks:

MSFT: +0.1%

AAPL: +0.4%

IBM: +0.5%

CSCO: -0.1%

GOOGL: -0.2%

Technology shares were mostly in the green in Wednesday's pre-market trade.

In sector news, Apple ( AAPL ) was ordered to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury. The judge added damages plus interest because Apple continued to infringe the patent, which relates to computer processor technology, until it expired in December 2016, Reuters said. The original case was decided in October 2015. Apple reportedly is appealing the ruling.

In other sector news,

(+) SLAB (+3.5%) Posts better-than-expected Q2 results

(-) AKAM (-7.4%) Reports fiscal Q4 EPS and revenue below Street and names new CEO

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.