In earnings last night, RAX (+7.5%) reported a slight beat, while TWTC (-2.3%) and LLNW (+4.8%) posted inline quarters, although LLNW guided lower.
In news, HPQ (-0.1%) is looking to sell its WebOS unit according to reports.
Among rumors, we are hearing ALTR (-0.2%) for XLNX (+0.6%) takeover chatter making the rounds. Separately, there were reports of private equity speculation surrounding WBMD (+5.3%).
Among notable analyst upgrades this morning, ALU (+0.9%) was upgraded to Market Perform at Bernstein and Kaufman upgraded RAX (+7.5%) to Buy. In downgrades, RIMM (-0.6%) was downgraded to Equal Weight at Barclays, ALU (+0.9%) was downgraded to Neutral at BofA/Merrill, RHT (-0.3%) was downgraded to Neutral at UBS, and Oppenheimer and Wedbush downgraded OVTI (+1.6%).
ATVI (+1.2%) is the notable name in tech set to report results today after the close.






