The S&P Tech sector (+1.5%) is higher this morning and is currently outperforming gains seen in the broader market (+0.4%).
Sector News: GOOG (+1.6%) is reportedly near the launch of UK Google TV, according to reports. SONE (+1.8%) announced that it received from ACIW (+3.0%) an unsolicited, revised cash and stock proposal to acquire S1 Corp.
Sector Earnings: MCRS (+6.8%), ARUN (+15.9%), QADA (+14.8%), OVTI (-31.0%), LAVA (-11.8%).
Broker Calls: BIDU (+3.5%) was upgraded to Neutral from Underperform at Credit Suisse. SFSF (+5.7%) was initiated with Overweight at Piper Jaffray. RIMM (+4.3%) was upgraded to Buy from Neutral at Sterne Agee. VMW (+4.1%) was upgraded to Outperform from Sector Perform at Pacific Crest. ARUN (+15.9%) was upgraded to Market Perform at BMO Capital Markets.






