Synchronoss Technologies might be seeing a slowdown in its main business — cellphone activations. But that has been offset by big growth in its other business: cloud storage for mobile users. The result is continued strong growth overall, sending Synchronoss stock rising 39% this year. The stock’s big jumps came after the company issued Q2 earnings on July 29 (up 15%) and Q4 earnings on Feb. 6 (up 18%). The company soundly beat Wall Street
As sizzling competition roils China’s huge Internet market, Qihoo 360 Technology plans to continue to expand its mobile search service and introduce next-generation security products while also throttling back its spending growth rate. Qihoo (QIHU), China’s largest Internet security provider and its No. 2 search provider behind Baidu (BIDU), early Monday posted Q2 earnings that beat expectations but added that its operating profit margin fell due
Cable TV companies are morphing into broadband companies. No. 1 cable firm Comcast (CMCSA) is on track to serve more Internet subscribers than video customers in 2015, which already is the case with Time Warner Cable (TWC) and Charter Communications (CHTR). In Q2, the top cable TV firms lost 510,000 video subscribers but gained 381,000 broadband customers, says research firm LRG. The trend has implications for Internet video competition and cable