BlackBerry Ltd (NASDAQ:BBRY) released the latest version of its SDK which bumps the Android runtime support up from API Level 17 to API level 18. This means support for Android 4.3 Jelly Bean that also includes some additional features and enhances integration with the operating system. BlackBerry Ltd (NASDAQ:BBRY) net profit margin is -6.73% and weekly performance is -0.41%. On last trading day company shares ended up $7.26. Analysts mean target price for the company is $10.90. BlackBerry Ltd (NASDAQ:BBRY) distance from 50-day simple moving average (SMA50) is -11.23%.
Telecom Italia SpA (ADR) (NYSE:TI)’s deployment of its high-speed fibre-optic network throughout Italy continued with the announcement that work is underway to bring FTTC to Quartu Sant’Elena on the island of Sardinia. The operator will use the existing public lighting infrastructure to roll out cables, thus minimising environmental impact. The company’s FTTC network is scheduled to reach around 12,000 households, or 57 percent of the population by the end of this year, with the operator looking to install around 45 Km of cables in total to connect 74 street cabinets, providing customers with internet connections at speeds of at least 30 Mbps. By the end of 2015, the network is expected to cover over 85 percent of the local population. Telecom Italia SpA (ADR) (NYSE:TI) ended the day on $11.81. Gross Margin is 56.70% and its return on assets is -6.00%. Telecom Italia SpA (ADR) (NYSE:TI) quarterly performance is 1.64%.
Verizon Communications Inc. (NYSE:VZ) saw its share price go up by 2.3 percent during trading on 16th May on the back of information filtering out that investment bell weather Berkshire Hathaway Inc. (NYSE:BRK.A) has increased its stake in the stock of U.S telecom major in the past quarter and holds a hugely impressive 11 million shares of the company stock as of 31st March. The market value of the investment by the Oracle of Obama led investment firm in the telecom major’s stock is close to half a billion dollars. Verizon Communications Inc. (NYSE:VZ) shares moved up 2.31% in last trading session and was closed at $49.07, while trading in range of $48.54 – $49.30. Verizon Communications Inc. (NYSE:VZ) year to date (YTD) performance is 2.06%.
Paris-based Orange SA (ORA) (NYSE:ORAN) said it sold a majority stake in its Uganda unit to closely held Africell for an undisclosed amount. Orange SA (ADR) (NYSE:ORAN) ended the last trading day at $17.00. Company weekly volatility is calculated as 1.14% and price to cash ratio as 5.39. Orange SA (ADR) (NYSE:ORAN) showed a positive weekly performance of 2.22%.
Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) spent almost $12 million on lobbying US officials on telecom issues. The Sunlight Foundation said this included lobbying to ensure the merger of T-Mobile with MetroPCS went ahead. Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY) on last trading day company shares ended up $17.19.