In tech earnings last night, DIOD (-0.5%) reaffirmed Q4 guidance. In news, DLB (+43.1%) announced a $4 special dividend. Redbox (CSTR +4.6%) Instant by VZ (+0.2%) unveiled further details of its soon-to-launch service and announced agreements with Hollywood studios and device manufacturers. Beta product will launch later this month at $8/mo. Also, EXAR (+3.9%) disclosed the termination of CFO Kevin Bauer, effective immediately. Among rumors, the WSJ discussed news that AAPL (-0.6%) is testing TV designs for Apple TV. Also, there are reports out that there are potential AAPL shipping cuts for LPL (-2.0%). In notable analyst upgrades this morning in the tech space, TTWO (+4.0%) was upgraded to Overweight at Piper and Standpoint upgraded MSFT (+0.2%) to Buy. Among downgrades, STX (-2.2%) was downgraded to Underweight at JP Morgan. Also of note, EMC (-1.7%) was removed from the Focus List at JPMorgan. There are no notable names in tech scheduled to report quarterly results today after the close.
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