Shares of companies in the mobile phone sector are staging a furious rally today, with many companies up by 10 percent or more, on some hints from the industry that demand might be bottoming. Here are a few factors contributing to the more bullish tone…
Akamai is apparently losing some of Apple’s content delivery business for software updates and the App store to Limelight Networks, according to a post by StreamingMedia.com’s Dan Rayburn.
Raymond James analyst Michael Turits points out in a research note that Apple was once more than 10 percent of Akamai’s revenues, but now is likely closer to 5 percent.
Shares of solar power technology provider Trina Solar (TSL) fell as much as 5.4 percent today after the company this morning announced sales and profit that missed estimates despite a big jump in sales and profit, year-over-year.
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