International Business Machines Corp. (NYSE:IBM) will host a mobile developer challenge that urges programmers to create consumer and business apps powered by Watson, Chief Executive Officer Ginni Rometty said in a speech today at the Mobile World Congress in Barcelona. In three months, the company will choose three prototypes to receive design consulting and support to develop commercial apps. International Business Machines Corp. (NYSE:IBM) stock opened at $183.94 in last session, and closed at $184.06, while the day range of stock is $183.56 – $185.28. The stock showed a positive weekly performance of 0.61%.
According to the CEO of Cisco systems (NASDAQ:CSCO) the networking giant, the Internet of things, will contribute as much as $19 trillion to the global economy within the next decade. John Chambers, outlined his company’s predictions at the Mobile World Congress in Barcelona, but expressed the same theory earlier in the year at the Consumer Electronics Show held in Las Vegas.Cisco Systems, Inc. (NASDAQ:CSCO) stock opened at $21.84, in last session and closed at $21.93, by gaining 0.41%. The 52 week range of the stock is $19.98 – $26.49. Company’s market capitalization is $112.97 billion.
Baidu Inc. (ADR) (NASDAQ:BIDU), the owner of China’s largest Internet search engine, forecast first-quarter sales that beat analysts’ estimates as advertisers boost spending to reach an increasing number of mobile users. Baidu Inc (ADR) (NASDAQ:BIDU) stock advanced 1.62% and finished the last session at $172.90. The EPS of the stock remained 4.91. Company’s market capitalization is $60.50 billion.
Sina Corp. (NASDAQ:SINA) is aiming to raise roughly $500 million in a second-quarter U.S. initial public offering of the Twitter -like service, according to two people with direct knowledge of the deal. Sina—which is already listed in the U.S.—has hired Credit Suisse AG and Goldman Sachs Group Inc. to handle the U.S. listing, one person said. The Financial Times reported the Weibo IPO plans earlier Monday. SINA Corp (NASDAQ:SINA) stock opened the session at $69.71, and closed the session at $70.52. The 52 week range of the stock remained $45.54 – $92.83 and the day range was $69.71 – $70.76.
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