Linktone Ltd. (NasdaqGM: LTON) spiked in price 29.79 percent to $1.83 Wednesday. Volume of 1,462,072 shares rolled over its normal daily volume of 22,877. The Chinese wireless interactive entertainment service provider announced Wednesday that its GAAP net income stood at $600,000 U.S. in the third quarter of this year, up from $100,000 U.S. in Q2, but down from the $700,000 U.S. in Q3 2009.
Bank of America Corp. (NYSE: BAC) did brisk business Wednesday, trading 119,934,419 shares, quickly closing in on its daily average volume of 198,958,000. BAC shares nipped ahead in price 0.78 percent to approach noon at $11.02. Bank of America Merrill Lynch today announced the composition and weights for the 2011 Merrill Lynch Commodity index eXtraSM. The MLCX is designed to provide a liquid benchmark for commodity market performance, tracking liquid and cost efficient investments.
Sycamore Networks Inc. (NasdaqGS; SCMR) saw its share prices fall Wednesday morning by 14.49 percent to $25.67. Share volume of 1,024,435 shares nearly quadrupled the stock’s full-day, three month average. The bandwidth solutions company reported quarterly financials Wednesday Revenue for the first quarter of fiscal 2011 was $11.7 million, compared with $15.6 million for the first quarter of fiscal 2010. Net loss for the first quarter of fiscal 2011, on a generally accepted accounting principles (“GAAP”) basis, was $6.5 million, or $0.23 per share, compared with a GAAP net loss of $10.4 million, or $0.37 per share for the first quarter of fiscal 2010.
