The S&P Technology Index (+0.9%) is higher this morning and is modestly outperforming gains in the broader market (+0.8%).
Sector News: VIMC (-15.6%) reported its Q4 results. CAMP (+14.9%) reported Q1 EPS, which beat the single analyst top line estimate by 4 cents. XRTX (-7.3%) reported Q2 results, which missed top line expectations by 4 cents. EK (-13.9%) shares are sharply lower after announcing that the ITC Commission issued a modified ruling in Kodak patent case against Apple and RIM. BBBB (+1.7%) will be acquired by Providence Equity Partners for $45.00/share in cash or $1.64 billion.
Broker Calls: NTAP (+2.4%) was upgraded to Outperform at Atlantic Equities. TQNT (-1.5%) was initiated with Neutral at UBS. SONS (unch) was initiated with a Hold at Capstone. SREV (-3.9%) was downgraded to Sell from Hold at Capstone. RVBD (-0.5%) was downgraded to Neutral from Buy at SunTrust. DGII (+7.8%) was initiated with Overweight at Piper Jaffray.






