MARKET PULSE-Sequans, Cleantech, LDK Solar, QLogic

Mon Dec 3, 2012 1:00pm EST
 
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Dec 3 (Reuters) - Some U.S. stocks on the move on Monday: (For the Morning News Call newsletter, link.reuters.com/nex49s. For more market insights, including options activity, click on STXNEWS/US; for the day ahead newsletter, link.reuters.com/mex49s)

** WALL ST TURNS FLAT AS U.S. FACTORY DATA OFFSETS CHINA

U.S. stocks barely budged on Monday, with the S&P 500 and Nasdaq trimming early gains as disappointing U.S. factory numbers dented optimism spurred by positive data on China's economy. The Dow Jones industrial average was down 0.04 percent, the S&P 500 Index was up 0.06 percent and the Nasdaq Composite was up 0.15 percent.

** SEQUANS COMMUNICATIONS SA, $1.99, up 34 pct (1208 ET)

The chipmaker said its chips will be used in a large portion of LTE devices to be used in the next phase of China Mobile Ltd`s large-scale trial of TD-LTE technology in China.

Two of its device manufacturer partners, Nationz and Primemobi won contracts from China Mobile on Sunday, to supply chips for a trial expansion of its network into 13 cities.

** CLEANTECH SOLUTIONS INTERNATIONAL INC, $5.18, up 30 pct (1208 ET)   Continued...