Top Technology Stocks:
MSFT: +0.62%
AAPL: +0.69%
IBM: +0.45%
CSCO: Flat
GOOG: +0.29%
Technology stocks were inching higher pre-market Friday.
Stocks moving on news include:
(+) Quantum ( QTM ), which was surging by more than 43% after completing the refinancing of its current debt facilities, with the new $210 million of total credit facilities comprising $165 million senior secured term loan facility and a $45 million revolving credit line.
(+) Ability Inc. ( ABIL ) was gaining more than 35% as the Tel Aviv-based cyber intelligence software company said its founders have agreed to convert the company's NIS5.5 million ($1.5 million) credit line into equity.
In other sector news:
(=) QuickLogic ( QUIK ) was unchanged as it amended a loan and security agreement with Heritage Bank of Commerce to increase the revolving line of credit from $9 million to $15 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
