Sony (SNE) announced yesterday the development of a pico projector module equipped that uses laser beam scanning. “By combining this module with Wi-Fi components and a battery, it can realize a compact, pocket-sized projector which can be used to project images from products such as smartphones or tablets, focus-free and in even higher resolution, on any flat or curved surface such as a wall or desk,” Sony said. The module is composed of a semiconductor laser, Micro Electro Mechanical Systems mirror, which incorporates the PicoP technology developed by Microvision, Inc. (NASDAQ:MVIS), their respective drivers, and a video processor to control the video signal processing and image output, Sony added. Microvision, Inc. (NASDAQ:MVIS) stock opened at $3.16 in last trading session, and closed at $2.83, trading in the range of $2.73 – $3.38. The stock showed a positive weekly performance of 106.57%.
Tata Communications Limited (ADR) (OTCMKTS:TTCMY) is a provider of wholesale international voice services and operates a submarine cable network in the world. Tata Communications leverages its solutions capabilities across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers. The Tata Global Network includes a submarine cable networks, a Tier-1 Internet protocol (IP) network, with connectivity to more than 200 countries across 400 point-of-presences (PoPs), and nearly one million square feet of data center and colocation space worldwide. Tata Communications Limited (ADR) (OTCMKTS:TTCMY) shares closed at $4.50 on last trade day. Stock 52 week range is $4.30 – $9.86. Company’s market capitalization is $641.25 million.
Zacks upgraded shares of AU Optronics (NYSE:AUO) from a neutral rating to an outperform rating in a research note issued to investors on Monday, American Banking & Market News reports. The firm currently has $3.20 price target on the stock. AU Optronics Corp. (ADR) (NYSE:AUO) stock advanced 6.35% and finished the last session at $3.18. The EPS of the stock remained -0.35. Company’s market capitalization is $2.81 billion.
TheStreet Quant Ratings rates ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) as a hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, deteriorating net income and disappointing return on equity. ChinaCache Internatnl Hldgs Ltd (ADR) (NASDAQ:CCIH) stock opened at $20.38 in last trading session and closed at $23.50. The 52 week range of the stock is $3.50 – $23.75 and the day range was $20.20 – $23.75.