Technology Shares Rise on Deal News and Optimistic Trends

As the broader market moved up, technology shares largely increased Monday on a series of deal news and optimistic trends. Notable announcements included Verizon Communications' informal talks with Vodafone Group to optimize returns from their U.S. mobile-phone partnership. The Justice Department also decided not to challenge Cisco Systems' acquisition of Tandberg ASA. Additionally, Advanced Micro Devices saw a rise in morning trade after Acer Inc. announced its intention to use AMD's newly-launched server chips.

Key Takeaways:

Verizon Communications and Vodafone Group continued informal talks on optimizing returns from their U.S. mobile-phone partnership, as reported by Bloomberg.
The Justice Department decided not to challenge Cisco Systems' acquisition of Norwegian video conferencing maker Tandberg ASA.
Advanced Micro Devices Inc. saw a rise in morning trade after Acer Inc. announced its intention to use AMD's newly-launched server chips for the first time.
Apple Inc. delayed some shipments of its iPad computer by a week on some pre-orders, with the device set to go on sale on Apr. 3.
The Comtex SmarTrend Alert system indicated UPTRENDs on several technology stocks, including AAPL, AMD, and CSCO, dates and times provided in the original text.

Statistics:

As of Mar. 29, 2010, technology shares were mostly higher.
AAPL traded at $207.48 on Mar. 1, 2010, and was on a UPTREND as of Mar. 25, 2010.
AMD traded at $8.84 on Mar. 10, 2010, and was on a UPTREND as of Mar. 25, 2010.
CSCO traded at $24.13 on Feb. 18, 2010, and was on a UPTREND as of Mar. 25, 2010.

Sources:

Bloomberg, citing people familiar with the talks.
Comtex SmarTrend Alert system.