In earnings last night, RHT (-8.0%) reported a slight Q3 beat, but posted disappointing billings.
In news, T (+0.9%) ended its bid to acquire T-Mobile (DTEGY +0.8%). T will recognize a pretax accounting charge of $4 bln in Q4 2011. S (+3.2%) is trading slightly higher on the news. Elsewhere, AAPL (+2.3%) won its patent infringement against HTC. Also, CHTR (+5.0%) named former CVC (+0.9%) Thomas Rutledge as CEO.
Among notable analyst upgrades this morning, Oppenheimer upgraded FFIV (+6.6%) to Outperform and KLAC (+5.2%) was upgraded to Overweight at JP Morgan. Also, MCRS (+5.5%) was upgraded to Top Pick at RBC Capital.
Among downgrades, T (+0.9%) and NVLS (+3.6%) were downgraded at JP Morgan and RHT (-8.0%) was downgraded at BofA/Merrill.
ORCL (+1.1%) and JBL (+6.0%) are notable names in tech scheduled to report results today after the close.






