Tech Up as Traders Seek Out Riskier Sectors -- Tech Roundup
March 05 2018 - 4:52PM
Dow Jones News
Shares of tech companies rallied as traders rotated back into
the sectors considered the riskiest. Qualcomm rose after U.S.
regulators ordered the chip designer to delay its shareholder
meeting to give itself more time to review rival Broadcom's $117
billion buyout offer. The deal, if it proceeded, could be the
biggest ever in the technology sector. Amazon.com is in talks with
big banks including JPMorgan Chase about offering customers
something akin to a checking account, The Wall Street Journal
reported. Chinese phone maker Xiaomi is set to enter the
smart-phone market as early as this year, The Wall Street Journal
reported. That would be a competitive threat for leading
smart-phone makers Apple and Samsung.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
March 05, 2018 16:37 ET (21:37 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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