Midday Market Snapshot and news for today’s Technology sector: FirstIn Wireless Technology inc. (OTC:FINW), InfoSonics Corporation (NASDAQ: IFON), AT&T (NYSE: T), WPCS International Incorporated (NASDAQ: WPCS)
FirstIn Wireless Technology inc. (OTC: FINW) launches outgoing call for Android smart phones roaming and long distance charges application. “Following the launch of our Iphone application we are thrilled to announce the launch of our Android phone application. We feel that with this launch we are solidly establishing FirstIn as a must use application for all travelers”, said Andre Beauchesne president of FirstIn Wireless. He continues: “Our application enables the users to achieve substantial discounts on regular carrier charges in all cellular modes LTE, 4G , Edge, data and Wi-Fi.” With this launch the company is now solidly established in the cellular marker having its application available on the 2 biggest smart phone platforms (Iphone and Android).
InfoSonics Corporation (NASDAQ: IFON) today announced the launch of its new verykool® T742 tablet with Wi-Fi and 3G capabilities. The T742, nicknamed the KolorPadTM, is a 7-inch tablet powered by a 1.3 GHz dual core processor and the Android 4.2 operating system. This full-featured tablet is being offered at a suggested retail price of $149. IFON is trading up over 17% at $2.7394 per share with more than 450 Thousand shares traded so far.
AT&T (NYSE: T) disclosed on Saturday that it would reduce its prices on family subscriptions that offer unlimited voice and text, along with 10 GB of data downloads. Under the new plan, a family of four that has a current A&T family plan could save $40-$100 per month, depending on which plan they currently have, AT&T stated. Moreover, Verizon (NYSE: VZ) subscribers are now playing $260 for a plan that is similar to one offered by AT&T for $160, AT&T stated.
WPCS International Incorporated (NASDAQ: WPCS) provides design-build engineering services for communications infrastructure worldwide. Its Wireless Communication segment designs and deploys wireless network solutions comprising Wi-Fi networks, point-to-point systems, mesh networks, microwave systems, cellular networks, in-building systems, and two-way communication systems. WPCS International fully anticipates a launch of the BTX Trader platform, its revolutionary Bitcoin trading platform, in the second quarter of calendar 2014. WPCS is trading up over 20% at $1.71 per share with more than 3.2Million shares traded so far.