Sector Summary: S&P Information Technology Index (-0.4%) trading lower, trailing the broader market The tech sector is trading lower today, trailing losses in the broader market. Semiconductors are showing relative weakness as well with the SOX trading 0.6% lower. Within the chip index, SPRD (-0.8%) is a notable laggard. Among other major indices, the SPY is trading 0.3% lower today, while the QQQ & Nasdaq are 0.3% lower on the session.
Among tech bellwethers, AAPL (-0.7%) is showing weakness. In tech earnings, CRM (-0.1%) reported a beat on EPS and revenues and guided FY13 revs above consensus, however reported disappointing billings data. ADSK (-13.0%) missed on revenues and guided below consensus. MENT (+0.3%) beat on EPS and raised FY13 EPS by $0.01. In tech news last night, A Court has ruled the Samsung (SSNLF) did not violate design of AAPL (-0.7%) iPhone. Among notable analyst actions. DWRE (+2.0%) was initiated with a Outperform at Raymond James. SOHU (+3.5%) was mentioned positively at Citron Research. There are no notable tech names to report tonight after the close.






