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Technology Sector Update for 11/20/2015: IBM, DWRE, PSEM

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Top Technology Stocks:

MSFT: +0.2%

AAPL: +0.1%

IBM: flat

CSCO: +0.3%

GOOG: +0.4%

Technology shares were mainly higher in pre-market trade on Friday.

In technology stocks news, International Business Machines ( IBM ) stock has been initiated by analysts at JMP Securities with a market perform rating and a price target of $167 a share. Shares were flat pre-bell after Thursday closing at $136.74, on the low end of the 52-week trading range of $131.65- $176.30.

DEMANDWARE ( DWRE ), an e-commerce software platform, saw its price target lowered to $64 from $70 by FBR Capital, while the firm retained its outperform rating on the stock. Shares were flat in pre-bell trading after yesterday rising 6.5% to $49.11, within the 52-week range of $43.97-$75.90.

And Pericom Semiconductor ( PSEM ) Friday reported that leading proxy advisory firm, Glass, Lewis & Co. issued an update to its extant report, in favor of selling Pericom to Diodes Corp. ( DIOD ) for $17.75 a share and snubbing a $442 million, $19-a-share buyout bid from Montage Technology, a China-based analog chip maker. Pericom shares were flat pre-market, after yesterday falling 1.8% to $17.57 per unit, on the top end of the 52-week range of $11.22-$18.28.

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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