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Technology Sector Update for 10/01/2015: SNDK, IDCC, SNE

Top Technology Stocks:Â

MSFT: +0.97%

AAPL: -1.13%

IBM: flat

CSCO: -0.55%

GOOG: -0.08%

Technology stocks were lower in pre-market trade Thursday, countering broader stock market increases.

In technology stocks news, SanDisk ( SNDK ) shares were upgraded by Morgan Stanley to overweight from equal weight while the firm retained its $75 price target.

And, InterDigital Inc. ( IDCC ) reported after-hours Wednesday it expanded the scope of its Convida Wireless joint venture with Sony Corp.'s ( SNE ) American unit to include 5G technologies. The deal also includes a patent license from InterDigital. Financial terms weren't disclosed.

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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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