Top Technology Stocks:
MSFT: +0.2%
AAPL: +0.2%
IBM: +0.5%
CSCO: +0.1%
GOOG: flat
Technology shares were higher in pre-market trading on Thursday, with all eyes on the FCC, which is set to repeal the net neutrality rules established two years ago. The decision will be made by the five-person board at the US Federal Communications Commission (FCC), and it seems likely that they will vote to overturn a 2015 decision that said Title II should apply to internet service providers. If repealed, internet service providers will be able to influence loading speeds for specific websites or apps.
Expected movers:
- Cognizant ( CTSH ): launches $300 million accelerated share buyback
- Nokia ( NOK ): cloud packet core selected by Indonesian telecom provider
Other news:
- WidePoint ( WYY ): partners with Silent Circle to provide joint security solutions under US Department of Homeland security contract
News from overseas:
- Capita (CPI.L): shares fell in London trading Thursday as the provider of business process management services forecast profit declines at several of its divisions in its fiscal second half while adding that it expects to log an impairment related to a contract with a major life and pensions client.
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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.
