In tech earnings last night, both ORCL (+1.7%) and TIBX (+3.7%) each posted in-line quarterly earnings, while revenues fell short of estimates. Both offered guidance below consensus as well. In news, TXN (+0.8%) increased its qtrly dividend 24% to $0.21/share from $0.17/share. In notable analyst upgrades this morning in the tech space, Oppenheimer upgraded OVTI (+1.3%) and INVN (+5.3%) to Outperform and LPL (-1.6%) & AUO (+3.5%) were upgraded to Buy at BofA/Merrill. Among downgrades, MMYT (+0.8%) was downgraded to Hold at Deutsche Bank, LPL (-1.6%) was downgraded to Neutral at UBS, and IQNT (-5.6%) was downgraded to Underperform at Raymond James.






