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Techquity: Mobile and cloud computing boost networkers

Thursday, June 06, 2013 - 03:13

Jun 6 - The shift from desktop computers to mobile devices using cloud computing gives a lift to internet infrastructure firms.

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What the last time you accepted -- you keep on your hard drive. Not lately right. It's all about using law about devices to access the clouds these days. Has led to tremendous opportunities for device companies like apple and cloud computing arms like Salesforce.com. These changes are now benefiting networking companies like Siena. The maker of switches to -- Internet traffic and other products posting a profit when a lot was expected to rethink its revenue guidance. CNN CEO attribute the gains to a fundamental shift in network architecture. Phone companies and others are buying its equipment when -- both connections between law about devices and cloud data centers. Shares jumping 13%. And hitting a 52 week high near nineteen dollars. Chinese Internet stocks back in the spotlight. Lighted the box just went public in the U laps -- -- the first Chinese company to do so this year. It's an online marketplace that's out everything from fishing -- the wedding dresses which is the big Fowler. It's just looked at nine dollars and fifty cents an all already up over 30% in trading. Investors may be wary though after riding the wave of questionable transparency and volatility from a -- of Chinese companies going public over the past three years. Will light in the box in other performer like I do which is jobs since -- offering in 2005. Or rent rent which has pollen nearly 80% from its IPO price. Either way they want you to buy their wedding dresses front. The race to match consumer behavior with advertising is going to hold the level. Twitter and WPP the world's largest advertising agency are joining forces. In just signed -- strategic partnership. And this'll give WPP act fast to -- fresher cast a 200 million users and their real time real life behavior. And advertisers gold -- And speaking out after sources telling Reuters Apple's going to sell audio -- in its new music streaming service fact lovers are calling it -- radio. Apple's expected to launch the service at its developers conference next week and is hoping against global and pandora are run by their ad money. Apple shares down 2% today trading slightly above their fifty day moving average. And pandora stop just fallen sharply this week is actually flat today. So -- and sputtering time our look at movers first story is -- boys. The e-commerce solutions -- helped drive traffic to retailer's website reported a narrower than expected fourth quarter loss. Revenue also topped forecasts shares up more than 10% today. And battery is giant interactive the Chinese online game developer down haven't heard that. As the company affiliated with -- chairman has decided to sell shares. That's tech will be this Thursday remember you can follow us on Twitter at RTR as tech but he I'm -- not bad. This is writers.

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Techquity: Mobile and cloud computing boost networkers

Thursday, June 06, 2013 - 03:13