Eight South Korean hackers were reportedly rounded up by the Philippine police, who were involved in hacking one of the nation’s largest telecommunications companies with an intention to force the company to lower the cost of worldwide mobile calls for other Koreans in the Philippines.
Police Cyber Crime Division chief Gilbert Sosa said the hackers were arrested Monday in four raids in the area of metropolitan Manila along with seven Filipino women who were working for them.
Sosa said today the group purportedly hacked several lines for overseas calls of Globe Telecom and changed their direction to mostly South Korean users living in the Philippines at a call-cost less than half the normal international call rates of 11-15 cents per minute.
Sprint Nextel Corporation (NYSE:S)
Shares of Sprint Nextel was upgraded by UBS AG from a “neutral” to “buy” rating. They now have a $6.00 price target on the stock.
In a note issued to investors on Monday, Investment analysts at Deutsche Bank surged their target price on shares of Sprint Nextel (NYSE: S) from $3.00 to $4.00.
Sprint Nextel exceeded its prior 52-week high of $4.43 and hit a new 52 weeks high price of $4.51, with trading on above-average volume. The stock has moved up across its 50-day moving average of $4.43.
Sprint Nextel Corporation (NYSE:S) jumped +4.64% and closed at $4.51 with the total traded volume of 126.77 million shares. It has market capitalization of 13.52 billion while its outstanding shares are 3.00 billion and its beta value stands at 1.06 times making it a less volatile stock.
Nokia Corporation (ADR) (NYSE:NOK)
Shares of Nokia Corporation surged after it announced that Optus, a mobile operator in Australia, has chosen Nokia Siemens as an associate for its key network programs.
The agreement incorporates upgrading of the mobile network, reframing the 900 MHz GSM frequency band, and providing infrastructure and services for LTE (4G) rollout in Sydney and Perth.
Nokia Corporation (ADR) (NYSE:NOK) jumped +2.84% to close at $2.17 with the total traded volume of 38.13 million shares. NOK has earnings per share of -$1.15 with the net profit margin of -12.77% and operating margin of -9.42%.
Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. (NASDAQ:CSCO) moved up +1.15% with the closing price of $15.87. The overall volume in the last trading session was 36.36 million shares. Its fifty two week range was $13.30-$21.30. The total market capitalization remained $85.01 billion.
CSCO is ahead of its 52 week low with 21.22% and its last month price volatility remained 2.24%. Its beta coefficient was 1.25 with a target price of $21.07. Company’s current year earnings per share fell -12.16% while the five year EPS growth rate was +5.57%.