Top Tech Stocks
Technology stocks were declining Thursday, with shares of technology companies in the S&P 500 dropping about 1.0%.
In company news, shares of Gilat Satellite Networks Ltd. ( GILT ) fell to a three-year low on Thursday, with the Israeli networking equipment company receiving little investor support despite saying it received a long-term contract to supply commercial aircraft with Ku/Ka-band terminals for in-flight broadband connections.
Financial terms and the identity of the satellite broadband provider were not disclosed.
GILT shares were down almost 9% Thursday afternoon at $3.61 each, earlier sinking to their lowest price since August 2012 at $3.42 a share. The stock already had dropped more than 22% over the past year prior to Thursday's retreat.
In other sector news,
(+) DAEG, (+4.4%) Announces strategic partnership with Toronto-based Rivit Technology Partners, with Rivit now offering Daegis' Composer Technologies migration software and services for Lotus notes applications.
(-) PCO, (-38.0%) Federal trial jury in Texas rules that five patents asserted by the company were valid but also ruled that Google (GOOG,GOOGL) and Samsung did not infringe on them.
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