Tech Movers: NII Holdings Inc (NASDAQ:NIHD), Twitter Inc (NYSE:TWTR), Xerox Corp (NYSE:XRX), Yahoo! Inc. (NASDAQ:YHOO)

Technology Stocks News 3

NII Holdings Inc (NASDAQ:NIHD), the telcom company that operates in the Latin American region under Nextel branding , saw the company’s net losses grow in the Q1 despite significant growth in the 3G subscriber numbers. The company recorded a net-loss of $376M in Q1, in comparison to $208M in the Q1 of 2013, said the company in its results release. In the meantime, the company’s revenues also continued to drop 27.1% in the quarter to $970M. The company’s total subscribers dropped by 52,000 in the 12-months right through March, as the very strong drops in iDEN subscribers was partially-offset by the more than 5-fold rise in the 3G subscribers to 2.34mn. NII Holdings Inc (NASDAQ:NIHD) stock performance was 15.62% in last session and finished the day at $0.566. Traded volume was 14.84million shares in the last session and the average volume of the stock remained 6.50million shares. The beta of the stock remained 1.21. NII Holdings Inc (NASDAQ:NIHD) insider ownership is 1.20%.

Twitter Inc. (NYSE:TWTR)’s directors and top executives are holding on to shares that they own and are committed to the business, Chief Executive Officer Dick Costolo said at the microblogging service’s first shareholder meeting. Twitter Inc (NYSE:TWTR) dropped -0.06 percent to $31.75 Wednesday on volume of 15.56million shares. The intra-day range of the stock was $31.15 to $31.95. Twitter Inc (NYSE:TWTR) has a market capitalization of $18.71billion.

The board of Nevada’s online insurance exchange voted Tuesday to scrap its contract with Xerox Corp (NYSE:XRX), which built the exchange that has been marked by problems. Meanwhile, federal prosecutors have subpoenaed the Oregon Health Authority and Cover Oregon for records — everything from outlines and notes to emails — related to how the state spent federal money on the creation of its failed exchange. Xerox Corp (NYSE:XRX)’s stock on May 21, 2014 reported a decrease of -1.25% to the closing price of $11.85. Its fifty two weeks range is $8.66 -$12.65. The total market capitalization recorded $13.83billion. The overall volume in the last trading session was 12.62million shares. In its share capital, XRX has 1.17billion outstanding shares.

Yahoo Inc. (NASDAQ:YHOO), eager to strengthen its video streaming activities, is close to buying the Israeli startup firm RayV, the Wall Street Journal reported Wednesday. On Wednesday, shares of Yahoo! Inc. (NASDAQ:YHOO) advanced 1.45% to close the day at $34.36. Company return on investment (ROI) is 3.10% and its monthly performance is recorded as -4.93%. Yahoo! Inc. (NASDAQ:YHOO) quarterly revenue growth is -9.08%.

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