Zoom Tech Soars on Plans to Build Android Smartphone (ZOOM,GOOG)
3/8/2010-Shares of Beijing-based Zoom Technologies (NASDAQ: ZOOM) are trading 21.3% higher to $7.40 Monday after the company disclosed in an SEC filing that it plans to build smartphones based on Google's (NASDAQ: GOOG) Android OS.
The company did not immediately respond to a request for comment from Barron's.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup
