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Techquity: Winning streak continues for internet stocks

Friday, August 02, 2013 - 02:38

Aug 2 - LinkedIn is the latest social networking-related company to report strong results. Plus, the latest in the Dell saga.

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The social networking mobile's search continues this earnings season with Linkedin. Professional site posted 59% jump in revenue. Profit rose sharply to you and mobile activity is way -- -- the mobile home page rose more than 40%. Linkedin doesn't make any money for -- endorsements and their profile of those annoying emails asking you connect with someone makes a lot of -- other ways. Council actions that's for the company's use data on the site to find the right people for the organization. They can pay for access to every profile conduct advanced searches second bucket is marketing solution at the ads on the site sponsor of polls and tools to manage the ad. And thirdly on premium subscriptions. Individuals and businesses pay more for access to members and better search capabilities. Which ends up in a 10% to lifetime high near 240. -- strong results last week where the first sign of strength rating companies since then it's about 43%. Lincoln is up 19%. In the open Trulia which also had a expected quarters this week were also significantly higher. He opens up 45% and surely at 20%. Dow let's call the compromise nobody's happy with but -- -- -- now. My condolences on the lake have agreed to kick in an extra 2% to 24 billion dollar deal in exchange. The company's board we'll tweak the voting rules which are probably enable the -- succeed. The problem for ever in the PC market is it is that the PC market is imploding -- about 15% year. Investors they're stuck in the past they've -- worth far more the buyers and and we're increasingly wondering if they're buying a lemon. But ever would have been hurt had to deal fall apart. Michael Dell would lost the company that relate would look flaky. And investors would -- Dell's stock fall for the war. Even Carl Icahn we've taken heavy losses. At a slight bump in the priced at thirteen -- to share me ever can save face don't look at this company that really gets a deal and investors don't lose their shirts. Stocks up 5%. -- today's real page. The property management's offer maker reported a 20% rise in second quarter revenue and raise the lowering its forecast range for the full year results. Shares up 6%. And -- is guidance software which helps governments conduct computer investigations. Airport -- lower than expected results -- significant drop in business shares down 18%. At tech it's Friday from everything follow us on Twitter arch terrorists actually I'm rob series. And this is Reuters.

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Techquity: Winning streak continues for internet stocks

Friday, August 02, 2013 - 02:38