In tech earnings this morning, AVID (-11.6%) guided Q3 below consensus and POWI (+0.1%) issued downside guidance. In news, INFA (-2.5%) announced a takeover bid for Heiler Software for EUR7.04 per share in cash. Among M&A rumors, BMC (+0.9%) is trading higher on a report discussing buyout interest. Also, YHOO (-0.2%) may be interested in purchasing OPEN (+5.8%) and other tech firms and ad firms like MM (+0.5%), according to reports. In notable analyst upgrades this morning in the tech space, SPSC (+3.3%) was upgraded to Buy at Canaccord, WXS (+3.3%) was upgraded to Neutral at JP Morgan, and Feltl upgraded CRUS (+3.4%) to Strong Buy. Among downgrades, SNDK (+0.2%) was downgraded to Sector Perform at RBC and ONNN (+1.3%) was downgraded at Caris. TXN (+0.8%), WDC (+0.8%), and YHOO (-0.2%) are the notable names in tech scheduled to report quarterly results today after the close.






