Technology

Technology Sector Update for 12/28/2018: QTM, ABIL, QUIK, MSFT, AAPL, CSCO, IBM, GOOG

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.

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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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