Technology Select Sector SPDR ETF (XLK) was losing 0.42% afterhours, but is inactive pre-market, iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive after a mixed close. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was flat.
Following technology stocks were surging in Pre-market trade Wednesday.
CollabRx Inc (NASDAQ:CLRX) gained 21.74%, and closed at $ 1.68, during the last trading session, soon after a CollabRx and Medytox Solutions, Inc. (MMMS) have signed a non-binding letter of intent to negotiate a potential business combination. Also, CollabRx and Medytox declared that they have signed contracts that would secure funding needed by CollabRx to continue to operate while the parties discuss a potential business combination. The potential business combination is subject to, among other things, due diligence, the implementation of a definitive contract, necessary Board of Directors and stockholder approvals and other customary conditions.
CollabRx Inc (CLRX) provides cloud-based expert systems to inform healthcare decision-making. The company’s cloud-based expert systems provide clinical knowledge to institutions, physicians, researchers, and patients for genomics-based medicine in cancer.
Rudolph Technologies Inc (NYSE:RTEC) inclined 12.20%%, and closed at $11.40, during the last trading session, as Rudolph declared financial results for the fourth quarter and year ended 2014.
- Fourth quarter revenue of $49.6 million raised six percent sequentially and exceeded Company guidance, driven by strong metal metrology sales.
- Gross margins sustained strong at 52 percent for the quarter.
- Non-GAAP net income of $4.5 million, or $0.13 per diluted share, also exceeded Company guidance.
Rudolph Technologies (NYSE:RTEC) designs, develops, manufactures, and supports process control defect inspection, advanced packaging lithography, metrology, and process control software systems used in semiconductor device manufacturing.
Applied Micro Circuits Corporation (NASDAQ:AMCC) increased 9.65 %%, and closed at $5.17, during the last trading session, after Applied Micro, stated its financial results for the third quarter of fiscal 2015, ended December 31, 2014.
- Combined net revenue of $36.7 million
- GAAP net loss of $12.1 million or $0.15 per share
- Non-GAAP net loss of $7.1 million or $0.09 per share
Applied Micro Circuits (AMCC) provides connectivity and computing solutions in the United States and internationally. The company offers X-Gene, a server on a chip product for use in cloud data center, computing, and enterprise applications; and embedded computing products that are applied in control- and data-plane functionality, wireless access points, residential gateways, wireless base stations, storage controllers, network attached storage, network switches and routing products, and multi-function printers.
Advent Software, Inc.(NASDAQ:ADVS) surged 6.14 %, and closed at $ 43.93, during the last trading session, as investment managers have seen significantly stronger growth in assets under administration (AUM) and proceed, despite lingering pressure from investors to lower fees. The findings come from the latest report conducted by Advent Users Group (AUG), an independent organization of investment professionals who use solutions from Advent Software (NASDAQ: ADVS), a leading offerr of software and services for the global investment administration industry.
Advent Software, (ADVS) provides software products and services for automating and integrating data and work flows across the investment management organization, as well as between the investment management organization and external parties worldwide.
Microsoft Corporation (NASDAQ:MSFT) ) enhanced 0.78 %, and closed at $ 41.60, during the last trading session, as tech giant, declared that Michael Gough has joined the company as corporate vice president of design for the Applications and Services Group (ASG). Gough will be accountable for leading design across many of Microsoft’s most important products, counting Office 365, and will report to Julie Larson-Green, chief experience officer.
Gough joins Microsoft from Adobe Systems Inc. where he most recently served as vice president of experience design leading its multidisciplinary experience creation organization. His responsibilities comprised leading the design of individual products, cross-product experiences, and next-generation products and services.
Microsoft Corporation (MSFT) develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
