In tech earnings last night, TWTC (-3.8%) posted a Q4 beat, QLYS (-15.9%) posted a beat but guided lower, AMSC (-5.5%) reported a mixed qtr and guided higher, while CGNX (+3.0%) posted a beat with upside guidance. This morning, ZBRA (+1.4%) reported a beat and guided inline, FIS (-3.0%) posted a slight miss with inline qtr, and LVLT (-14.0%) reported a miss. In news, AAPL's (-0.7%) CEO Tim Cook is set to open up GS' Tech Conference momentarily. Among rumors, we are hearing chatter that MWW (+5.9%) and FB (-2.0%) would look to do a joint venture to challenge LNKD (-0.5%). Among notable analyst upgrades this morning in the tech space, NTAP (+1.3%) was upgraded to Buy at Brean Capital. Among downgrades, FB (-2.0%) was downgraded to Market Perform at Bernstein and QCOM (-2.2%) was downgraded to Neutral at JP Morgan. NTGR (+1.0%) and RAX (-0.2%) are two notable names in tech scheduled to report quarterly results today after the close.






