Top Tech Stocks
Technology stocks were mixed today, with shares of tech companies in the S&P 500 ( XLK ) down 0.1% while the Philadelphia semiconductor index (^SOX) was down 0.3%.
Among technology stocks moving on news Wednesday:
- Broadcom ( AVGO ) has withdrawn its bid to acquire semiconductor maker Qualcomm ( QCOM ), formally ending a tumultuous takeover attempt that saw President Donald Trump issue an order halting any potential deal earlier this week. The Singapore-based company that's moving its corporate headquarters to the US said it's also withdrawing its slate of director nominees that it was attempting to have voted onto Qualcomm's board at its upcoming annual meeting.
In other sector news:
+ Vonage ( VG ), a provider of business cloud communications, said pre-market Wednesday that it has received a second patent from the US patent and trademark office for innovations to its adaptive routing technology.
- 21Vianet ( VNET ) said the company and Microsoft Corp. (MSFT) have agreed to extend their partnership to provide public cloud services to Chinese customers.
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.