The tech sector is trading up +0.70% today, slightly under performing the S&P 500 +0.6%. Semiconductors are showing relative strength in the tech space, +1% so far. A few solar names FSLR +1.9% and WFR +3.5% are up today following Germany's annoucement they will discontinue using all nuclear energy by 2022.
In earnings Kingston Wirelessinfo (KONE) -33% following lowered guidance, Nokia (NOK) -17% lowered their outlook for their Devices and Services segment, RADA -3.3% after reporting Q1 results. ELTK is up 35% following Q1 earnings.
In news, Agilysys (AGYS) +33.3% after announcing sale of Tech solutions group to OnX Enterprise solutions, MAGS +8% following announced $35.5 mln contract, Funtalk China (FTLK) +13% being acquired for $7.20/share, Nam Tai (NTE) +3.2% expects minimal impact on Q2 and FY results from Japan's natural disaster, GIB +2% following announced $45 mln contract award, PWRD -2.7% after announcing it would acquire Cryptic Studios for EUR35 mln, AVGO -4% after announcing sale of 25 mln shares by selling shareholders.
Among the more notable analyst upgrades this morning, BRCM -2.2% upgraded at BMO Capital, EBAY +1.5% upgraded at ThinkEquity, NVDA +1.4% resumed with a Buy at Auriga, FIRE +5.3% initiated with a Buy at Citigroup, NVTL +5.6% upgraded at JP Morgan, TZOO +10.2% upgraded at Morgan Keegan.






