The Technology Sector is Heating Up 7 hours 42 mi
Post# of 22755
Posted On: 05/11/2016 9:37:35 PM
The Technology Sector is Heating Up
7 hours 42 minutes ago - DJNF
MIAMI, May 11, 2016 /PRNewswire/ --
TechStockInsider.com issues the following report: Despite Apple Inc.'s (AAPL) recent fall from grace, dropping 17% in the past month, several technology stocks have posted strong gains giving a boost to the overall sector. Increasing internet penetration in emerging markets and a growing dependence on mobile devices and smartphones has investors in multiple niche tech sectors cheering.
MGT Capital Investments Inc. (NYSE: MGT) has soared as much as 111% over the last two trading sessions after John McAfee, the antivirus software pioneer and presidential candidate, has been named chief executive officer and executive chairman of the company. MGT has agreed to acquire specific technology and assets of McAfee's anti-spy software firm D-Vasive for $300,000 in cash and 23.8 million restricted shares, or 47% of the company.
According to http://www.TechStockInsider.com John McAfee sold his former computer antivirus software company, McAfee, to Intel (INTC) for $7.7 billion in 2011.
MaxLinear Inc. (NYSE: MXL) shares jumped 13% after announcing another strong quarter coupled with a promising acquisition. The integrated circuit company saw quarterly revenue rise 190% year over year, to $102.7 million. Cash flow increased nearly 59% from the previous quarter to $39 million.
Also, MaxLinear announced it will be acquiring specific wireless infrastructure assets and intellectual property from Broadcom for $80 million in cash. The acquisition is "expected to accelerate MaxLinear's total addressable market expansion efforts in the wireless infrastructure market." According to MaxLinear's estimates, the wireless infrastructure backhaul baseband and RF transceivers market is approximately $700 million this year, and should approach $1 billion in the next five years.
Amazon.com Inc. (NASDAQ: AMZN) stock hit a new all-time high of $701.93 after Sanford Bernstein analyst Carlos Kirjner raised his price target on Amazon to $1,000 a share. The tech giant now sports a market cap of about $330 billion. Amazon recently announced they will be launching a new video service aimed specifically to challenge Google's (GOOG) YouTube.
In a poll issued by Thompson Reuters, 11 analysts have strong buy ratings on Amazon while 28 have buy ratings and 4 maintain a hold.
"We think Amazon's businesses are now so large, fast-growing, and profitable that it is harder and harder for the company to find new areas of investment to keep up with the growth in gross profits," Kirjner wrote in the report, according to a report from Bloomberg.
LifeClips Inc. (OTCQB: LCLP) has gained roughly 67% in the past week after announcing the signing of a binding Letter of Intent to purchase Israeli battery maker Batteryfly Energy, LTD. The transaction is valued at approximately $6 million. According to http://www.TechStockInsider.com the transaction consideration will be a combination of cash, stock, and capped royalties.
LifeClips gains Batteryfly's flagship, patented battery product called Mobeego. Mobeego (http://www.mobeego.com) is a non-tethered disposable battery, referred to as an "energy drink" for mobile phones such as Samsung(TM) or Apple(TM) as well as action cameras. The Mobeego disposable battery is a one-time charger for instant mobile use. Mobeego eliminates the need to find the closest outlet to charge your smartphone, and you no longer need to stop using your phone to save the battery. The product offers an emergency on-the-go charging solution without worrying about pre-charging an external battery pack.
The technology sector stands to remain a bright spot for investors for the foreseeable future. There has been no slow down but rather an increase in R&D spending by juggernauts like Facebook, Google, and Amazon as companies race to deliver smarter applications and software to feed the consumer's insatiable appetite for technology. Artificial intelligence and virtual reality seem to be fueling the next wave of tech evolution. Meanwhile, companies specializing in enterprise mobility and information technology and security stand to reap the benefits equally as much. SOURCE: TechStockInsider.com
DISCLAIMER: FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with TechStockInsider.com or any company mentioned herein. The commentary, views and opinions expressed in this release by TechStockInsider.com are solely those of TechStockInsider.com and are not shared by and do not reflect in any manner the views or opinions of FNM. The companies that are discussed herein may or may not have approved the statements made in this release. FNM is not liable for any investment decisions by its readers or subscribers FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email:editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC
(END) Dow Jones Newswires
May 11, 2016 13:53 ET (17:53 GMT)
7 hours 42 minutes ago - DJNF
MIAMI, May 11, 2016 /PRNewswire/ --
TechStockInsider.com issues the following report: Despite Apple Inc.'s (AAPL) recent fall from grace, dropping 17% in the past month, several technology stocks have posted strong gains giving a boost to the overall sector. Increasing internet penetration in emerging markets and a growing dependence on mobile devices and smartphones has investors in multiple niche tech sectors cheering.
MGT Capital Investments Inc. (NYSE: MGT) has soared as much as 111% over the last two trading sessions after John McAfee, the antivirus software pioneer and presidential candidate, has been named chief executive officer and executive chairman of the company. MGT has agreed to acquire specific technology and assets of McAfee's anti-spy software firm D-Vasive for $300,000 in cash and 23.8 million restricted shares, or 47% of the company.
According to http://www.TechStockInsider.com John McAfee sold his former computer antivirus software company, McAfee, to Intel (INTC) for $7.7 billion in 2011.
MaxLinear Inc. (NYSE: MXL) shares jumped 13% after announcing another strong quarter coupled with a promising acquisition. The integrated circuit company saw quarterly revenue rise 190% year over year, to $102.7 million. Cash flow increased nearly 59% from the previous quarter to $39 million.
Also, MaxLinear announced it will be acquiring specific wireless infrastructure assets and intellectual property from Broadcom for $80 million in cash. The acquisition is "expected to accelerate MaxLinear's total addressable market expansion efforts in the wireless infrastructure market." According to MaxLinear's estimates, the wireless infrastructure backhaul baseband and RF transceivers market is approximately $700 million this year, and should approach $1 billion in the next five years.
Amazon.com Inc. (NASDAQ: AMZN) stock hit a new all-time high of $701.93 after Sanford Bernstein analyst Carlos Kirjner raised his price target on Amazon to $1,000 a share. The tech giant now sports a market cap of about $330 billion. Amazon recently announced they will be launching a new video service aimed specifically to challenge Google's (GOOG) YouTube.
In a poll issued by Thompson Reuters, 11 analysts have strong buy ratings on Amazon while 28 have buy ratings and 4 maintain a hold.
"We think Amazon's businesses are now so large, fast-growing, and profitable that it is harder and harder for the company to find new areas of investment to keep up with the growth in gross profits," Kirjner wrote in the report, according to a report from Bloomberg.
LifeClips Inc. (OTCQB: LCLP) has gained roughly 67% in the past week after announcing the signing of a binding Letter of Intent to purchase Israeli battery maker Batteryfly Energy, LTD. The transaction is valued at approximately $6 million. According to http://www.TechStockInsider.com the transaction consideration will be a combination of cash, stock, and capped royalties.
LifeClips gains Batteryfly's flagship, patented battery product called Mobeego. Mobeego (http://www.mobeego.com) is a non-tethered disposable battery, referred to as an "energy drink" for mobile phones such as Samsung(TM) or Apple(TM) as well as action cameras. The Mobeego disposable battery is a one-time charger for instant mobile use. Mobeego eliminates the need to find the closest outlet to charge your smartphone, and you no longer need to stop using your phone to save the battery. The product offers an emergency on-the-go charging solution without worrying about pre-charging an external battery pack.
The technology sector stands to remain a bright spot for investors for the foreseeable future. There has been no slow down but rather an increase in R&D spending by juggernauts like Facebook, Google, and Amazon as companies race to deliver smarter applications and software to feed the consumer's insatiable appetite for technology. Artificial intelligence and virtual reality seem to be fueling the next wave of tech evolution. Meanwhile, companies specializing in enterprise mobility and information technology and security stand to reap the benefits equally as much. SOURCE: TechStockInsider.com
DISCLAIMER: FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with TechStockInsider.com or any company mentioned herein. The commentary, views and opinions expressed in this release by TechStockInsider.com are solely those of TechStockInsider.com and are not shared by and do not reflect in any manner the views or opinions of FNM. The companies that are discussed herein may or may not have approved the statements made in this release. FNM is not liable for any investment decisions by its readers or subscribers FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email:editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC
(END) Dow Jones Newswires
May 11, 2016 13:53 ET (17:53 GMT)
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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