Technology Sector Update for 09/28/2015: ATML, CY, CSUN
Top Technology Stocks:Â
Technology shares were lower in pre-market trade Monday. In technology stocks news, China Sunergy Co ( CSUN ) Monday reported revenues up YOY, and narrower losses, for Q1 ended March 31, 2015.
China Sunergy reported Q1 loss of $11.2 million on revenues of $91.5 million, and a net loss per ADR $0.82. In the year-earlier period, the company reported revenues of $67.7 million, and a loss of $14.7 million, or $0.99 per ADR.
And, Atmel ( ATML ) shares are up 6% pre-market Monday after Reuters reported Cypress Semiconductor Corp ( CY ) is working on a takeover offer to rival an accord made earlier this month with Dialog Semiconductor Plc (DLG).
Cypress is working with investment bankers and has informed Atmel it believes its offer will be superior to Dialog's cash-and-stock deal, which was worth $4.6 billion when it was announced on Sept. 20, Reuters cited unnamed sources as saying.
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