Apple, Akamai, Sensata Technologies: Tech Winners & Losers
Multiple reports cited Apple speaking with its Asian component suppliers, and said that the tech giant's working on several designs of the next-gen television set.
Apple's manufacturing partner, Hon Hai Precision Industry Co. Ltd. is said to have been working with Sharp on the project, but nothing official has yet been announced.
Sensata Technologies (ST) shares fell 2.61% to $29.66 as the sensors and controls company priced its secondary offering, selling 10 million shares at $29.95.
Sensata is not going to receive any of the proceeds from the offering, outside of proceeds from certain selling shareholders. The offering is expected to close on Dec. 17, 2012. Morgan Stanley and Barclays are acting as the joint book-runners on the offering.
Akamai Technologies (AKAM) shares rose 1.92% to $40.36 as Goldman Sachs resumed coverage on the name, with a "neutral" rating and a $44 price target.
Akamai recently signed a deal with AT&T (T) for the telecom giant to start reselling Akamai's content delivery network (CDN) services. The press release on the deal said the two companies will initially focus their efforts on the North American market, but hope to expand globally within the next 12 months.
Closing Prices: Apple dips $2.39 (0.44%) to close at $539.00. Akamai Technologies adds 37 cents (0.93%) to $39.97. Sensata Technologies loses 46 cents (1.51%) to close at $29.99.
--Written by Chris Ciaccia in New York
>Contact by Email.