In earnings, SNX (+6.6%) reported a Q4 beat and guided Q1 in-line. SMCI (-6.6%) lowered Q2 guidance, while SAAS (+1.0%) issued upside guidance.
In news, MSFT (0.0%) cautioned during an analyst conference that Q4 PC sales will probably be lower than expected because of supply constraints stemming from flooding in Thailand. Elsewhere, YOKU (+6.0%) signed content deal with Twentieth Century Fox for Youku premium platform.
Among notable analyst upgrades this morning, ALU (+5.3%) was upgraded to Buy at Deutsche Bank, NSR (+0.2%) was upgraded to Buy at Goldman, and MKTG (+4.2%) was upgraded to Overweight at Morgan Stanley. Among downgrades, WBMD (-0.8%) was downgraded to Underweight at Morgan Stanley.
No notable names in tech scheduled to report results today after the close.






