Salesforce.com, Sohu.com, GTAT, OIBR, Adobe Systems Incorporated and Nokia Corporation Emerge and Tech Sector’s Top Gainers
Not enough flexibility in the emerging markets of the US is the reason Nokia Corporation (ADR) (NYSE:NOK) failed. In order to restore the former glory, Nokia was restructured, but not more than three years after the restructuring, Nokia has almost disappeared in the market. In the final trading session, shares of Nokia Corporation (ADR) (NYSE:NOK) went up by 7.02% ($6.71).
The cloud is working well for Adobe Systems Incorporated (NASDAQ:ADBE). There is a strong possibility that the outrage against Adobe can help some other competition to surface, this will get the investors interested. However, if Adobe gets perceived as other cloud companies then it can result in Adobe’s share to soar in the market. In the final trading session, shares of Adobe Systems Incorporated (NASDAQ:ADBE) went up by 9.22% ($52.58).
GT Advanced Technologies Inc (NASDAQ:GTAT) specializes in providing solutions to global industries that deal with diodes that are light emitting, electronic and solar; they also provide equipment for crystal growth. The company’s shares are currently up by +8.42% on 5,583,118 traded shares. In the last trading session, shares of GT Advanced Technologies Inc (NASDAQ:GTAT) went up by 9.58% ($7.55).
The CRM lead in value matrix of latest research for nucleus is still being enjoyed by Salesforce.com, inc. (NYSE:CRM). According to research, CRM Technology Value Matrix for 2013’s second half revealed many important investments by vendors in revamping user interfaces and mobile capabilities for more efficient utilization. Vendors are taking a special interest in mobile platforms as they offer opportunities for both CRM’s internal users and customers using the applications. In the last trading session, shares of salesforce.com, inc. (NYSE:CRM) went up by 5.19% ($52.49).
A special dividend distributions is being discussed by China’s leading search, community, gaming, mobile and online media service group Sohu.com Inc (NASDAQ:SOHU). According to the company its major research subsidiary Sogou Inc. has paid off Sogou’s preferred shares with a $300,892,698 aggregate amount in its special dividend to the Series A holders. In the last trading session shares of Sohu.com Inc (NASDAQ:SOHU) went up by 12.35% ($76.13).
Shares of Oi SA (ADR) (NYSE:OIBR) went up by 2.14% ($1.91). A loss that was not anticipated was reported by the company along with reduction in the dividend payment. The second quarter net loss for the company was BRL124.2 million. It was also announced by the company that it won’t be issuing assistance because of macroeconomic uncertainty. In the last trading session, shares of Oi SA (ADR) (NYSE:OIBR) went up by 9.63% ($2.05).