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TECH STOCKS: Tech Stocks Edge Higher; Micron Rises

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks recovered from early losses to eke out modest gains Thursday, aided by a rally in shares of Micron Technology Inc. Micron (MU) added 4% after Sterne Agee raised its rating on the memory-chip maker's stock. "We are upgrading Micron to a buy, $12 price target, from neutral, as we think DRAM pricing will start to moderate and stabilize over the next couple of months," Sterne Agee analyst Vijay Rakesh said in a note. Micron also got an upgrade to outperform from neutral by Baird. The Nasdaq Composite Index (RIXF) inched up 0.1% to 2,740. The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) each rose fractionally. Meanwhile, shares of EMC Corp. (EMC) gained 2%. Lazard Capital boosted the stock's rating to buy from hold. Shares of some key players in the PC sector slipped after Gartner and IDC reported fourth-quarter PC data showing slower growth, partly due to stiffer competition from other devices, particularly Apple Inc.'s (AAPL) iPad. "The preliminary read confirms our fears of weak consumer demand and the early effects of the tablet invasion," J.P. Morgan analyst Mark Moskowitz said in a note. "In our view, these preliminary results, specifically indications of weaker-than-expected growth in Asia-Pacific, present modest downside risk to our PC market estimates." Intel Corp.'s (INTC) shares slipped about 0.2% ahead of the chip giant's fourth-quarter earnings report, due after the closing bell. Microsoft Corp. (MSFT) was down 1.2%, while Dell Inc. (DELL) declined 1.4%. Hewlett-Packard Co. (HPQ) and Apple Inc. were each up slightly. Shares of TTM Technologies (TTMI) advanced 14% after the printed circuit-board manufacturer raised its fourth-quarter forecast. Exfo Inc. (EXFO) shares jumped more than 20% after the Canadian telecommunications-testing-equipment maker posted better-than-expected financial results. But shares of Infosys Technologies (INFY) fell more than 5% after the Indian information-technology-services company reported weaker-than-expected results.

Stock News for Exfo (EXFO)
DateTimeHeadline
03/26/201509:00:00EXFO lance la première solution d'inspection de fibres sans...
03/26/201509:00:00EXFO Releases First Fully Automated Wireless Fiber Inspection...
03/26/201509:00:00EXFO Releases First Fully Automated Wireless Fiber Inspection...
03/25/201520:56:06EXFO's (EXFO) CEO Germain Lamonde on Q4 2014 Results - Earnings...
03/25/201510:11:32Report of Foreign Issuer (6-k)
03/25/201509:00:00EXFO renouvelle son programme de rachat d'actions dans le cours...
03/25/201509:00:00EXFO Renews Normal Course Issuer Bid
03/25/201509:00:00EXFO Renews Normal Course Issuer Bid
03/24/201516:18:00EXFO annonce ses résultats du deuxième trimestre de l'exercice 2...
03/24/201516:14:00EXFO Reports Second-Quarter Results for Fiscal 2015
03/24/201516:14:00EXFO Reports Second-Quarter Results for Fiscal 2015
03/12/201506:02:51Amended Statement of Ownership (sc 13g/a)
03/09/201516:38:17Amended Statement of Ownership (sc 13g/a)
03/03/201509:37:00Avis aux investisseurs d'EXFO - Résultats financiers du deuxième t...
03/03/201509:33:00EXFO Investor Advisory - Second-quarter financial results for...
03/02/201503:00:00EXFO réduit le temps de test d'au moins 50 % avec le lancement...
03/02/201503:00:00EXFO Reduces Testing Time by a Minimum of 50% with Release of...
03/02/201503:00:00EXFO Reduces Testing Time by a Minimum of 50% with Release of...
02/24/201513:00:00Frost & Sullivan décerne à EXFO le prix lnnovation de nouveaux p...
02/24/201513:00:00Frost & Sullivan Recognizes EXFO's Analytics Leadership with...

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