The iShares S&P North American Technology-Multimedia Networking Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded multimedia networking stocks as represented by the S&P North American Technology-Multimedia Networking Index™.
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Tuesday, June 11, 8:49 AM
On June 5th, UBS completed its shutdown of 7 ETNs - 5 of which were focused on the IT space. The ETNs had struggled since launch to gain assets. The affected notes: LSKY, EIPO, EIPL, SSDD, SSDL, PTD and BLND. The closure is interesting in that all the affected ETNs except BLND had double-digit positive returns over the recent trailing twelve months.
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Friday, June 24, 2011, 2:54 PM
Brocade (BRCD -5.5%) dips after waiting three days to announce its CFO Richard Deranleau resigned effective last Monday to pursue other interests. He will be succeeded internally by executive Dan Fairfax.
Comment![Tech, On the Move]
Tuesday, June 21, 2011, 3:20 PM
Riverbed Technology (RVBD ]+6.4%) pops after Sterne Agee initiates with a buy, saying the company is well positioned in core growth markets, and its Whitewater platform should benefit from growth in optimizing traffic between on-premise and cloud storage.
Comment![Tech]
Thursday, November 11, 2010, 10:46 AM
Tech ETFs with large weightings in Cisco Systems (CSCO -14.9%), like IYW (-2.3%) and IGN (-2.5%), are taking it on the chin in the wake of the company's weak earnings outlook. On the other hand, if you're short and leveraged the tech sector via TYP, you're currently up a cool 6.6%.
Comment![Tech]