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Market Updates: Google Inc. (NASDAQ: GOOG), Microsoft Corp. (NASDAQ: MSFT), iPCS Inc. (NASDAQ: IPCS), CIT Group (NYSE: CIT)
Google Inc. (NASDAQ: GOOG) says it now has two million customers using its Apps products. The online software offers many of the features of Microsoft Corp. (NASDAQ: MSFT) Windows, but operates on Google’s servers instead of on the user’s PC. Although the Apps client base is growing, it may not be bringing in much revenue for the search giant. According to Reuters, "Those include both larger businesses that pay $50 a year per user for Apps, as well as firms with fewer than 50 employees that get the software for free." –Daily Finance
Shares of iPCS Inc. (NASDAQ: IPCS) jumped 33.4 percent to $23.85…
19Oct2009 | Jutia Group | 0 comments | ContinuedU.S. Technology Sector Plays on the Rebound
If the last three months are any indication, the U.S. tech sector has shaken off its recession-heightened late-winter doldrums, and could see its fortunes soar in the year’s second half as businesses and consumers open their wallets and the broader economy picks up speed.
The technology-laden Nasdaq Composite Index was at the forefront of the most-recent market rally, having soared more than 45% since hitting its 52-week low on March 10. That outpaced both the Dow Jones Industrial Average – up 30% in that time – and the Standard & Poor’s 500 Index – up about 37%.
According to industry analysts, the technology sector –…
1Jul2009 | Money Morning | 0 comments | Continued
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