Shares of Nokia Corp (ADR) (NYSE:NOK) ended Thursday session in red amid volatile trading. The shares closed down -0.04 points or -0.68% at $5.83 with 8.23 million shares getting traded. Post opening the session at $5.83, the shares hit an intraday low of $5.78 and an intraday high of $5.84 and the price vacillated in this range throughout the day. The company has a market cap of $34.72 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.
On September 1, 2016 Nokia and Jiangsu Telecom, a regional branch of China Telecom, are deploying China’s first commercial Carrier WAN-SDN project in data centers in Yangzhou, Changzhou and other cities in Jiangsu, a neighboring province of Shanghai. The deployment will help Jiangsu Telecom achieve seamless, transparent and flexible management of Internet Data Centers (IDC) in a unified manner.
The popularity of cloud technologies has revealed the limitations of previous IDC router technology, showing that it fails to support a seamless connection with the WAN and meet ever-growing data demand. Older technology also keeps IDC management and maintenance efficiency at a low level, hindering the development of Internet services.
Jiangsu is deploying Nokia’s Networks Services Platform (NSP) to program its powerful core network router, the next-generation 7950 XRS (Extensible Routing System). The XRS provides the large capacity along with programmability to build the core that connects the datacenters. The NSP is then able to program the core to optimize the use of the resources by load-balancing the traffic and adjusting to changing traffic demands. As a result, Jiangsu Telecom will dramatically increase the flexibility of its network, reduce overhead costs, meet the ever-growing data demands of its subscriber base and support various application scenarios such as accessing and connecting IDCs. Jiangsu will also be able to pave the way for the future development of applications including High Definition video, IoT and smart homes.
Shares of Yahoo! Inc. (NASDAQ:YHOO) ended Thursday session in green amid volatile trading. The shares closed up +0.01 points or 0.02% at $44.36 with 7.88 million shares getting traded. Post opening the session at $44.07, the shares hit an intraday low of $44.03 and an intraday high of $44.72 and the price vacillated in this range throughout the day. The company has a market cap of $41.88 billion and the numbers of outstanding shares have been calculated to be 951.78 million shares.
Yahoo! Inc. (YHOO) on August 26, 2016 announced that Yahoo Esports is entering into a two year agreement with ESL, the world’s largest esports company, to bring esports to mainstream audiences via distribution across Yahoo’s properties. Additionally, Yahoo Esports and ESL will collaborate on the development of new tournaments to be covered and distributed by Yahoo, with new exciting integrated sponsorship opportunities for advertisers.
As part of the agreement, Yahoo Esports and ESL will work together to distribute Yahoo’s unique storytelling and in-depth coverage of ESL’s major events, including the ESL One and IEM global competitive series. Yahoo Esports will live stream ESL produced tournaments in HD quality throughout the world and promote content globally to esports fans across Yahoo properties. To help brands be part of this action, Yahoo Esports is offering advertisers integrated content sponsorship opportunities within both its esports coverage and new tournament offerings.
“Our Yahoo Esports team is extremely excited to be partnering with ESL to bring greater coverage of its leading esports events, as well as innovate in new competitive formats and content offerings that we are sure will excite both fans and advertisers alike,” said Zachary John, VP of Yahoo Video and Esports. “Yahoo’s unique storytelling, highly talented editorial staff and global scale are a great combination with ESL’s experience and leadership in the space.”
“ESL in a unique position to be able to offer access to some of the world’s best esports competitions, and having a partner like Yahoo Esports means we will not only reach a broader audience with a supreme quality broadcast, but also deliver exclusive editorial content for esports fans worldwide,” said Nik Adams, Senior VP of Sales at ESL. “Yahoo Esports is a fantastic partner to team up with for the broadcast and coverage of our key events, and we are looking forward to working with them on new and exciting content for our viewers.”