Shares of Integrated Device Technology Inc (NASDAQ:IDTI) ended Friday session in green amid volatile trading. The shares closed up +0.23 points or 1.12% at $20.74 with 1.36 million shares getting traded. Post opening the session at $20.57, the shares hit an intraday low of $20.41 and an intraday high of $20.79 and the price vacillated in this range throughout the day. The company has a market cap of $2.88 billion and the numbers of outstanding shares have been calculated to be 134.32 million shares.
On Aug. 23, 2016 Integrated Device Technology, Inc. (IDT) (IDTI) announced a new high-performance computing solution for telecommunications “edge” networks that combines its RapidIO technology with IBM’s POWER8-based servers. The computing cluster can be used at the edge of wireless 4G advanced and 5G networks for a variety of data-intensive applications including networked robotics control, network-assisted private and public transportation, and video analytics and caching.
The computing cluster features four dual-socket IBM POWER8-based servers connected with IDT’s RapidIO 10xN switch technology, which delivers 100 ns latency, 50 Gbps top-of-rack switching, along with IDT’s advanced timing devices. The cluster is ideal for designs in 5G, C-RAN, mobile edge computing, high-performance computing, data analytics and financial trading applications, and can be scaled in a 42U rack to connect up to 76 POWER8 sockets with only 300 ns of switching latency.
This industry-first solution, built on OpenPOWER technology, is the result of work conducted by the Open Compute Project (OPC) HPC Project, which IDT co-chairs and which lays the foundation for the edge computing use case in the OpenPOWER Foundation.
“The 100 ns latency and energy efficiency of our 50 Gbps RapidIO silicon is ideal for connecting the IBM POWER8-based servers for edge applications,” said Sean Fan, IDT’s vice president and general manager of IDT’s Computing and Communications Division. “The work with OpenPOWER technology has enabled this collaboration with IBM to advance 5G edge computing.”
Shares of NetEase Inc (ADR) (NASDAQ:NTES) ended Friday session in red amid volatile trading. The shares closed down -1.00 points or -0.46% at $214.91 with 1.55 million shares getting traded. Post opening the session at $217.00, the shares hit an intraday low of $212.00 and an intraday high of $218.37 and the price vacillated in this range throughout the day. The company has a market cap of $28.65 billion and the numbers of outstanding shares have been calculated to be 3.29 billion shares.
NetEase Inc (ADR) (NTES) on Aug. 17, 2016 announced its unaudited financial results for the second quarter ended June 30, 2016.
“Our outstanding second quarter results reflect NetEase’s leadership in China’s dynamic online games industry where we continue to introduce premium game content, innovative technology and effective marketing strategies,” said Mr. William Ding, Chief Executive Officer and Director of NetEase. “Our total second quarter net revenues grew 96.0% compared with the second quarter of 2015, with each business segment posting impressive year-over-year improvement, including increases of 76.0% in online game services, 24.2% in advertising services, and 310.6% in our e-mail, e-commerce and others business.”
“As we focus on delivering the highest quality games and unmatched user experiences, we also move the industry forward by exploring new technologies such as virtual reality and augmented reality and developing content for a variety of genres.”
“Our business and the overall online games industry are being driven by the popularity and demand for mobile games. We are well positioned to exploit this trend with a mobile game portfolio that now includes more than 100 titles. In the second quarter, we launched the mobile version of New Ghost, which ranked as a top 10 grossing title on China’s iOS app store, and Fantasy Westward Journey: Warriors and Raven, Korea’s top ARPG, also quickly attracted large audiences following their introductions in the second quarter. Two of our best-selling mobile games, the Fantasy Westward Journey and Westward Journey mobile games, maintained their popularity on China’s iOS app store throughout the second quarter. Our other mobile games, such as Invincible and Kai-ri-sei Million Arthur, also made solid contributions to our second quarter year-over-year growth.”