2012 was not a great year for technology as well as venture capital acquisitions and market debuts in the sector. Thomson Reuters released new data showing that the number of venture-backed companies sold declined about 20 percent. Similarly, the value of these buyouts declined, too, by 13 percent to nearly $30.3 billion as of Dec. 15, probably reflecting the overall lower values in the technology sector.
On Wednesday, tech stocks were down. Google Inc (NASDAQ:GOOG), as of last close, traded 27.38% up from its 52 week low and was -8.46% behind its 52 week high. Its latest closing price was 9.24% above the SMA200 while the distance from SMA 50 and SMA 20 was 2.74% and 1.35% respectively. The stock has a 6-month performance of 26.43%.[article_detail_ad_1]
There are 2.2 billion internet users across the globe. Google Inc. (GOOG) is now set to put its efforts to get the next one billion users online by 2015. Google says 50 percent of these users will come from the promising markets. Julian Persaud, MD of Google Southeast Asia, said that India will have a quarter of the next billion coming online and new users will use the internet for the first time on a mobile device and not on a PC. Persaud says there is more mobile-based internet traffic as compared to desktop traffic in the country.
Marvell Technology Group Ltd. (NASDAQ:MRVL) tumbled near 52-week low after losing $1.17B patent verdict. MRVL share price, as of the latest close, was up 5.68% compared with the 52 week low and was -55.33% below the 52 week high. The stock’s latest closing price was down -33.46% from the average-price of 200 days while it kept its distance from the SMA 50 at -9.32% and -12.81% compared with the SMA 20. Its six-month period performance stands up at -32.17%
Intel Corporation (NASDAQ:INTC) is reportedly working in cooperation with Apple Inc. (NASDAQ:AAPL) to build a so-called “smart watch” accessory. Its latest closing price was -15.25% down from an average-price of 200 days while it maintained a distance from the SMA 50 at -0.25% and +1.65% compared with the SMA 20. The stock was up 7.38% from the 52 week low and was -28.09% below the 52 week high. It has shown a downtrend of -19.21% in the same period with a monthly performance of +3.82% and 3-month performance down -8.51%.
Cisco officials outlined the company’s plan for the Kingdom of Saudi Arabia in the next year at a press conference held in Riyadh. The conference was led by Cisco’s Managing Director for Saudi Arabia, Dr Tarig Enaya. Read more about announcements here.
As of last close, Cisco Systems, Inc. (NASDAQ:CSCO) was 35.17% up from the 52 week low and was -4.27% below the 52 week high. Its latest closing price was +10.38% up from an average-price of 200 days while it kept its distance from the SMA 50 at +7.88% and +1.73% compared with the SMA 20. The 6-month performance of this stock stands at 19.93% with a gain of 7.50% in the last three months and +12.80% in the previous twelve months.
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