In earnings last night, SINA (+13.0%) and OPXT (+3.3%) both posted quarterly misses.
In news, FB raised its IPO size by 25%. Among rumors, we are hearing RIMM (+2.6%) takeover chatter making the rounds.
Among notable analyst upgrades this morning, CSCO (+1.7%) was upgraded to Overweight at Barclays, SINA (+13.2%) was upgraded at Barclays and Credit Suisse and AKAM (+0.2%) was upgraded to Neutral at Citigroup. Also, EPAM (+7.5%) was added to Top Picks Live list at Citigroup While in downgrades, KLAC (-3.8%), LRCX (-5.3%), and NVLS (-5.3%) were downgraded to Underweight at JPMorgan.
There are no notable names in tech scheduled to report quarterly results today after the close.






