Baidu Inc (ADR) (NASDAQ:BIDU)’s IQiyi video website plans to hold an initial public offering within three years as it competes with Youku Tudou for the mainland’s 618 million internet users seeking movies and television shows online. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $154.59 moved to $160.22 on last trade day and at the end of the day closed at $158.69 . Company price to sales ratio in past twelve months was calculated as 10.88 and price to cash ratio as 9.00. Baidu Inc (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -0.66%.
Nokia Corporation (ADR) (NYSE:NOK) is all set to launch Nokia XL smartphone in India in the coming days. Nokia had launched Nokia X smartphone in the month of March. All Nokia X range of smartphones are based on the Android Open Source Project (AOSP), and this platform is called Nokia X software platform. Nokia Corporation (ADR) (NYSE:NOK) shares fell -0.67% in last trading session and ended the day on $7.45. NOK return on equity ratio is recorded as -15.70% and its return on assets is -4.20%. Nokia Corporation (ADR) (NYSE:NOK) yearly performance is 123.05%.
Ericsson (ADR) (NASDAQ:ERIC) appoints Rima Qureshi Chief Strategy Officer for the Ericsson Group where she will also drive the company`s mergers and acquisitions (M&A) strategy and activities. In addition, she will serve as Chairman of Business Unit Modems. Ericsson (ADR) (NASDAQ:ERIC) shares moved up 0.67% in last trading session and was closed at $12.06 while trading in range of $12.00 – $12.24 – Ericsson (ADR) (NASDAQ:ERIC) year to date (YTD) performance is 2.12%.
BlackBerry Ltd (NASDAQ:BBRY) rolled out the latest update to its BlackBerry 10 OS—the hotly-anticipated version 10.2.1 last month, which most importantly allows Android apps to run natively on the BlackBerry smartphones for the first time ever. Taking a closer look at the OS, we find that the update adds pinch-to-zoom to the BlackBerry Hub which stores messages and notifications at one central location. Users can customize the Hub to show only Unread Messages, Flagged Messages, Draft Messages, Meeting Invites or Sent Messages. Once the filter criterion is fixed, one can activate it with a pinch gesture on the Hub’s message list. BlackBerry Ltd (NASDAQ:BBRY) weekly performance is 8.58%. On last trading day company shares ended up $7.97. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -8.44%. Analysts mean target price for the company is $10.90.
Marvell Technology Group Ltd. (NASDAQ:MRVL) a global leader in integrated silicon solutions, announced it will conduct a conference call following the release of its first fiscal quarter of 2015 financial results on Thursday, May 22, 2014, at 1:45 p.m. Pacific Time. Marvell Technology Group Ltd. (NASDAQ:MRVL) shares after opening at $15.84 moved to $16.03 on last trade day and at the end of the day closed at $15.85 . Company price to sales ratio in past twelve months was calculated as 2.34 and price to cash ratio as 4.05. Marvell Technology Group Ltd. (NASDAQ:MRVL) showed a negative weekly performance of -0.31%.
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