Top Tech Stocks
Technology stocks were ending little changed, with shares of tech companies in the S&P 500 climbing 0.1%.
In company news, shares of xG Technology ( XGTI ) raced to a more than 9% increase on Monday, topping out at $2.13 each, after the intellectual-property portfolio manager today said it has received a $1 million order for its Vislink HCAM high efficiency video coding wireless cameras for use in China.
The order was part of recent global pre-orders totaling over $2.5 million for the camera.
In other sector news,
(+) USAT, Sees fiscal Q4 revenue climbing between 46% to 55% to a range of $32 mln to $34 mln, topping the $27.40 mln consensus. Also projects net income $400,000 either side of break-even, compared with Street view looking for a $0.01 per share profit.
(-) VHC, Investor says a July 17 stock purchase will not occur as previously annouced becaused some of the investor's financing sources have not yet completed their due diligence.
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