Markets

Technology Sector Update for 09/24/2015: MLNX,DAEG,PCO,GOOG,GOOGL

Top Tech Stocks

MSFT +0.46%

AAPL +0.70%

IBM +0.71%

CSCO +0.83%

GOOG +0.71%

Technology stocks were slightly higher shortly before the closing bell, with shares of technology companies in the S&P 500 rising 0.1%.

In company news, Mellanox Technologies Ltd. ( MLNX ) turned solidly lower this afternoon, with chipmaker's shares getting apparent help today from analysts at DA Davidson today beginning coverage of the company with a Buy rating and a $60 price target.

MLNX shares were down almost 2% in late trade at $39.99 apiece, recovering only slightly from an earlier decline to $39.90 a share. The stock already had slipped just 1% over the past 12 months before today's decline.

In other sector news,

(+) DAEG, 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, Federal trial jury in Texas rules that five patents asserted by the company were valid but also deciding Google (GOOG,GOOGL) and Samsung did not infringe on them.

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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