In earnings last night, EXAR (-2.6%) lowers Q3 rev guidance below consensus.
In news, OPXT (-4.0%) issued an update on its status following the Thai floods, noting it expects that the loss of revenue in Q3 and Q4 will be material. Elsewhere, it was reported that Alibaba Group hired a lobbying firm as it may be preparing bid for YHOO (+0.8%).
Among rumors, JP Morgan was out today mentioning PCS (+1.6%) and LEAP (+1.7%) as potential M&A targets.
Among notable analyst ratings changes this morning, HOLI (+9.8.) was upgraded to Buy from Neutral at Roth.
There are no notable names in tech scheduled to report results today after the close.






