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Technology Sector Update for 10/28/2015: SLAB, ADP

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Top Technology Stocks:Â

MSFT: -0.15%

AAPL: +1.64%Â

IBM: +0.40%

CSCO: flat

GOOG: +0.62%

Technology shares were fairly positive in Wednesday's pre-market session.

In technology stocks news, Silicon Laboratories ( SLAB ), a provider of silicon products, shares were down slightly after it reported Wednesday its financial results for Q3 2015 that topped analyst estimates. Net income for the quarter was $10 million, or $0.23 per share; up from $5.6 million, or $0.13 per share in Q3 2014.

And, Automatic Data Processing ( ADP ) shares were flat pre-market after it reported Q1 revenue grew 6% to $2.7 billion, 9% on a constant dollar basis, versus the Street view of $2.72 billion, according to Capital IQ estimates. Adjusted diluted earnings per share from continuing operations increased 10% to $0.68, above the Street view of $0.65 per share.

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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