Markets

Technology Sector Update for 12/16/2015: WAB, EZCH

Top Technology Stocks:

MSFT: +0.6%

AAPL: +0.6%

IBM: +0.9%

CSCO: flat

GOOG: +0.7%

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

In technology stocks news, Westinghouse Air Brake Technologies ( WAB ), a provider of technology-based products and services to freight rail and passenger transit industries, has signed contracts worth approximately $45 million to provide equipment and services for the Northeast Illinois Regional Commuter Railroad Corp. (Metra).

Shares in Westinghouse Air Brake Technologies were unchanged at $70.07 pre-bell. This is within the lower band of the stock's 52 week trading range between $67.96 and $105.10.

And EZchip Semiconductor ( EZCH ), a semiconductor solutions provider, said the 30-day "go-shop" period linked to an amended merger accord with Mellanox Technologies ( MLNX ) has expired without finding an alternative buyer.

Shares in EZchip Semiconductor were flat at $24.31 pre-bell. This is within the upper band of the stock's 52 week trading range between $14.30 and $25.21.

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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