How publicly traded Philly Tech stocks held up yesterday
Tom Paine
Follow @phillytechnews
Subscribe in a readerSubscribe to Philadelphia Tech News by Email
Looking at publicly traded Philly Tech companies, only a few were significantly impacted by yesterday's fallout ( I consider +/- 5% to be within normal range for all but the largest tech stocks).
The biggest losers on the day were:
Qlik Technologies (14.9%)
EPAM Systems (11.5%)
MeetMe (6.5%)
Universal Display (5.9%)
Radnor-based Qlik, which was recently panned by Barron's, was definitely impacted by competitor Tableau's problems, which could be both a positive and negative for Qlik. Part of what the market may be seeking is a more rigorous BI Engine, which is Qlik's strength.
It may also help Qlik in recruiting versus Tableau.
SAP SE, wich has considerable positive momentum right now, was hardly pinged, down 3.6%.
Here's some stats on all of all of
the Phiily area's major tech stocks.
Correction: An earlier version of this article mistakenly included USA Technogies among companies losing 5% or more of their market value yesterday.
