Tech Five: Xerox appoints Icahn exec to board

Let's look at technology stocks to watch Tuesday:

Xerox. Shares are up more than 2% in pre-market trading after the company reached a deal with investor Carl Icahn to add Jonathan Christodoro, managing director of Icahn Capital LP, to its board of directors. Earlier this year, Xerox confirmed it will split into two companies, one focused on document technology and a second on business services.

Lending Club. Scott Sanborn will take over as permanent CEO, the company confirmed Monday. Sanborn has served as acting CEO since May, when founder and CEO Renaud Laplanche stepped down after an internal probe into $22 million in loans. Shares are up 3.4% in early trading.

Line. The Japanese messaging app has set a price range for its initial public offering between $26.50 a share and $31.50 a share, reports The Wall Street Journal. Line will offer 22 million shares in the U.S. on July 14.

Cisco. The networking giant will acquire cloud security company CloudLock for $293 million. The deal is expected to close during the first quarter of the 2017 fiscal year.

Facebook. The social network will make it easier for its users to find local events. The Featured Events tool will launch in 10 cities, including San Francisco andWashington, D.C.