Tech Stocks – Seagate Technology Falls 3.50% (STX, SYNC, NOK, CALL, WEST)
Seagate Technology PLC (NASDAQ:STX) decreased 3.44% to $ 31.40. The 52-week range for the stock is $9.05 and $ 35.71. The stock is down after Needham & Co downgraded the rating on the stock to hold. The rating was lowered due to slower demand for its hard drives and storage devices and rising inventory levels in the industry.
Synacor Inc (NASDAQ:SYNC) jumped up 0.12% to $8.28. The Company announced an expanded Cloud Identity Management platform, broadening its cloud-based services suite for consumer electronics companies, wireless carriers, programmers and app developers in addition to pay-TV providers.
Nokia Corporation (ADR) (NYSE:NOK) jumped up 0.21% to $ 2.38 on a traded volume of 60.26 Million. Nokia Oyj has entered into an agreement with The Coffee Bean & Tea Leaf to offer wireless charging facilities in its cafes for customers who want to recharge their phones whilst on the go. Nokia will introduce integrated wireless charging plates into The Coffee Bean & Tea Leaf cafes in select metropolitan cities across the US. Additionally, The Coffee Bean & Tea Leaf will launch a new mobile app for Nokia Lumia and Windows Phone smartphones.
MagicJack VocalTec Ltd (NASDAQ:CALL) jumped up 4.05% to $ 26.47 after the company announced the third quarter guidance. The Company expects revenue to be in the range $40-$41 million in third quarter of 2012. EPS is expected to be $0.55-$0.80 per share for third quarter. The Company expects EPS to be in the range $1.70-$2.00 for fiscal year 2012.
Westinghouse Solar Inc (NASDAQ:WEST) traded at $0.173. The Company has received notice from the NASDAQ Hearings Panel that the company’s shares will stop trading on the NASDAQ Capital Market as on September 6, 2012. The Company’s shares will begin trading on the OTCQB Marketplace and will continue to trade under the symbol WEST.