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Technology Sector Update for 10/01/2015: SOL, ACTS, FSL

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Top Tech Stocks

MSFT -0.01%

AAPL -1.22%

IBM -1.32%

CSCO -2.13%

GOOG +0.09%

Technology stocks were paring much of their previous losses, with shares of technology companies in the S&P 500 slipping about 0.4%.

In company news, American depository shares of RenaSola Ltd ( SOL ) advanced Thursday after the photovoltaic-panels manufacturer today said it has repurchased $36 million of its convertible notes due March 2018 with a put option for March 2016.

The company also repurchased around 807,000 of its ADS under its $20 million stock buyback program.

SOL ADS were up almost 12% this afternoon at $1.09 apiece, or just a penny under their session high.

In other sector news,

(+) ACTS, Said its tender offer to repurchase up to 84 mln American depository shares of its common stock will be fully subscribed at $2.30 per ADS, according to preliminary results announced last night.

(-) FSL, Analog MC33907 and MC33908 system-basis chips receive ISO 26262 functional safety assessments up to the ASIL D level from an automotive safety assessment organizations.

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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