Top Tech Stocks
Technology stocks were extending their gains shortly before the end of Tuesday trade, with shares of tech companies in the S&P 500 climbing almost 0.5%.
In company news, Western Digital ( WDC ) has turned lower in late Tuesday trading, giving back small gains earlier today that followed reports in the Nikkei Asian Review that Toshiba was close to selecting the data-storage company as its exclusive negotiating partner to buy Toshiba's memory chip unit.
Possibly weighing on Western shares this afternoon was a Reuters report, citing unnamed people with knowledge of the matter, that Toshiba may not reach a deal for the memory-chip division by its self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders.
In other sector news,
(+) LINU, Agrees to strategic cooperation pact with Shou Guang Agriculture Logistic Park, with plans to work together on product offerings, information resources and park management.
(-) BRQS, Intel ( INTC ) discloses owning a 12.9% passive stake in the software firm while Zhengqi International Holding Ltd files an amended ownership statement after buying another 966,136 shares on Aug. 18 at $10.40 apiece and boosting its overall stake to 16.2%.
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