Category: Software

business, Finance, Internet, Mobile, Software

BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)

BlackBerry Ltd said on Thursday it has signed a agreement with EnStream LP, a mobile payments joint venture owned by Canada’s three large wireless carriers, to provide a secure platform for transactions between banks and consumers. Waterloo, Ontario-based BlackBerry has been trying to reinvent itself under new Chief Executive Officer John Chen as its phones have lost ground to Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy devices.

The company’s QNX software already is a mainstay in the automobile industry, powering electronic and other systems in a wide range of cars.



Amazon’s newly announced music streaming service is yet another attempt by the company to move beyond e-commerce and infuse itself into the daily lives of Americans with an increasing number of offerings, including grocery delivery and streaming TV. The announcement comes just days ahead of the expected unveiling of the company’s first smartphone.

Starting Thursday, Amazon.com Inc. will offer more than a million tracks for ad-free streaming and download to Kindle Fire tablets as well as to computers and the Amazon Music app for Apple and Android devices.



The European Commission will launch a formal investigation on Wednesday into Apple’s tax arrangements in Ireland, Irish state broadcaster RTE reported, without naming its source. The EU’s competition authority said last year that it was looking into corporate tax arrangements in several member states and had requested information from Ireland.



Continue reading “BlackBerry’s Mega Deal (NASDAQ:BBRY) , New Product for Amazon (NASDAQ:AMZN) and Apple in Trouble in Europe (NASDAQ:AAPL)”

Harvey Dyer
Finance, Software

(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile

(NYSE:NQ) The Investigation Team conducted a thorough review of cash reported on NQ Mobile’s financial statements and the Company’s cash transactions, which included the following procedures: obtained bank confirmations for the Company’s accounts through in-person visits and mail

Chinese mobile security software maker NQ Mobile said a special committee had found no evidence of fraud, as alleged by short-seller Muddy Waters Research Group. NQ Mobile also said the committee also found no evidence that the company’s revenues and cash balances were inconsistent with public disclosures. Muddy Waters called NQ Mobile a “massive fraud” in October, a charge NQ Mobile rejected as false.

NQ Mobile’s shares rose about 30 percent in premarket trading.

According to the auditors findings : “The Investigation Team determined that the Company’s cash balances were verifiable and consistent with public disclosures. … (ii) The Investigation Team did not find evidence that the Company’s revenues were inconsistent with public disclosures.”

Benedict commented on NQ Mobile’s activity since the Muddy Waters allegation, “We have seen fees drop off a bit from October to around early to mid April, then we saw fees surge again briefly.”. An independent committee investigating Muddy Waters’ allegations at NQ Mobile Inc (ADR) (NYSE:NQ) has found no evidence of fraud. Block says they continue to investigate NQ Mobile Inc (ADR) (NYSE:NQ) and that he doesn’t think the debate over the company will be over “until regulators step in or NQ’s shares go to zero.”

In the meantime, ChinaRock discloses that is has doubled its stake in NQ Mobile. Both short interest and utilization rose by about one percent on the news, according to Benedict. The utilization rate is now 92 percent.

Continue reading “(NYSE:NQ) No Evidence Of Fraud found at NQ Mobile”

Adam Keintzel
Finance, Software

Stocks To Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL), Analog Devices, Inc. (NASDAQ:ADI), TriQuint Semiconductor (NASDAQ:TQNT), ANADIGICS, Inc. (NASDAQ:ANAD)

Marvell Technology Group (NASDAQ:MRVL) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,784,230 shares, a growth of 34.3% from the April 30th total of 4,306,012 shares, American Banking and Market News reports. Based on an average trading volume of 3,701,330 shares, the days-to-cover ratio is presently 1.6 days. Approximately … Continue reading Stocks To Watch: Marvell Technology Group Ltd. (NASDAQ:MRVL), Analog Devices, Inc. (NASDAQ:ADI), TriQuint Semiconductor (NASDAQ:TQNT), ANADIGICS, Inc. (NASDAQ:ANAD)

Kristen Barton
VoIP Telecommunications Telephone Communications
Analysis, Finance, Software

Global Network Service Quality improved by NTT Com and 22 Partner Carriers

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE: NTT), announced today that it has agreed with 22 of its global telecommunications-carrier partners on a number of policies to further improve its Arcstar(tm) global network service quality during the Arcstar Carrier Forum 2015, which took place in Tokyo on June 2 and 3. The Arcstar Carrier Forum is an … Continue reading Global Network Service Quality improved by NTT Com and 22 Partner Carriers

Harvey Dyer
Analysis, Software

Technology and the Future of the Auto Industry

For the auto industry, the conveyor belt was among the first big leaps in technology that changed driving forever. Adding this device to the assembly line allowed Ford to bring down costs significantly and make the Model T affordable to the average person. Other major leaps have been made since then, but perhaps none as game-changing as the changes brought by the information age. As … Continue reading Technology and the Future of the Auto Industry

Harvey Dyer
FB Nasdaq FB Facebook
Analysis, Finance, Internet, Software

NASDAQ active movers: Facebook Inc (NASDAQ:FB), Cisco Systems (NASDAQ:CSCO), Sirius XM Holdings Inc. (NASDAQ:SIRI), Zynga Inc (NASDAQ:ZNGA)

Facebook Inc (NASDAQ:FB) will add technology to its mobile apps that recognizes the music, movies or television shows its users are enjoying, in the company’s latest move to give prominence to media and entertainment on its social network. Facebook Inc (NASDAQ:FB) stock performance was 3.30% in last session and finished the day at $60.49. Traded volume was 58.99million shares in the last session and the … Continue reading NASDAQ active movers: Facebook Inc (NASDAQ:FB), Cisco Systems (NASDAQ:CSCO), Sirius XM Holdings Inc. (NASDAQ:SIRI), Zynga Inc (NASDAQ:ZNGA)

Jayne Crisman