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Technology Sector Update for 10/21/2015: ANGI, SNDK

Top Technology Stocks:Â

MSFT: +0.08%

AAPL: -0.22%Â

IBM: -0.61%

CSCO: -0.14%

GOOG: +0.37%

Technology stocks were mixed in pre-market trade Wednesday.

In technology stocks news, SanDisk ( SNDK ), a provider of flash storage products, reported Wednesday its financial results for Q3 2015 that topped the analyst estimates while also announcing a deal to be acquired by Western Digital ( WDC ).

Net income for the quarter was $133 million, or $0.65 per share; down from $262.7 million, or $1.09 per share in Q3 2014. On a non-GAAP basis, net income for the quarter was $1.09 per share, down from $1.45 per share in the prior year period but still came in higher than the $0.80 per share Street estimate provided by Capital IQ.

And, Angie's List ( ANGI ), a paid subscription supported website containing crowd-sourced reviews of local businesses, Wednesday reported improved earnings in Q3 2015, owing to higher revenues. However, guidance for 2015 revenues was decreased from the previously announced outlook.

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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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