MOBI mobile, INTC has chip damage, CAVO turns tail

Posted on Monday, January 31st, 2011

Sky-Mobi Limted (Nasdaq: MOBI) shares soared 12.9 percent to $7.11, on volume of 841,098 shares, just surpassing its daily average of 628,691, on announcing that MOBI and Tencent, one of China’s most popular Internet portals, have formed a strategic partnership.

Intel Inc. (Nasdaq: INTC) was very popular Monday, dealing in 62.7 million shares, beating out its daily volume of 55.2 million. Prices dipped 1.4 percent to $21.15, on news that a design error in one of its chips will cost it $1 billion in missed sales and expenses to fix the flaw.

Cavico Corp. (Nasdaq: CAVO) shares slid 9.7 percent to $1.95 on volume of 175,517 shares, besting its daily average of 108,116.

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