AsiaInfo Holdings News

Shares of the following companies were making noteworthy moves in the U.S. stock market Monday: Advancers Advanced Micro Devices Inc.

Two of China's leading providers of telecom software and systems integration services are merging to create a company with more than 8,000 staff and annual revenues of more than $400 million, they announced over the weekend.

Mid Europa Partners, owner of over 74% of Invitel Holdings announced a tender offer to acquire all remaining outstanding shares for 4 dollars and 50 cents each.

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 10:20 a.m. in New York.

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

Emerging Stock Report, a leading provider of sector specific independent investment research, today initiated coverage on AsiaInfo Holdings, Inc., . Emerging Stock Report is currently offering a complimentary trial subscription to the investment community.

NEW YORK: AsiaInfo Holdings Inc, which provides IT services to the Chinese telecoms industry, agreed on Sunday to buy rival Linkage Technologies International Holdings Ltd in a deal worth about US$732.7 million .

Among the companies whose shares are expected to see active trade in Monday's session are AsiaInfo, Cinemark, Dow Chemical, Daimler, McDermott and Terra.

China's AsiaInfo Holdings and Linkage Technologies have signed a definitive agreement to merge, forming a company worth US$1.8 billion and having over 8,000 employees.

The NYSE composite and the S&P 500 fell 0.9% and 0.8%, respectively. Both reversed from new 14-month highs.

For the past several years, investors have only had one choice when it comes to a major technology investment serving the China telecom market.

In the U.S., it seems like everyone you pass on the street has a cell phone. China isn't like that.

U.S. telecom firms have hit a ceiling as most Americans have a cell phone and Internet access.

See, Soros has spent nearly 50 years studying boom-bust cycles, including the international banking crisis, the collapse of the British pound sterling, and the Asian financial crisis.

Telecom companies focused on the U.S. are hitting a ceiling as cell phone and Internet penetration passes 90%. AsiaInfo Holdings , on the other hand, is benefitting from the explosion of communication technology in China.

The Commerce Department said the economy grew at an annual rate of 3.5% in the third quarter.

AsiaInfo Holdings beat earnings guidance, with earnings from continuing operations coming in at 20 cents per share, and the company gave a forecast for the fourth quarter of between 28 and 29 cents.

Better-than-expected economic data also helped. The NYSE composite rallied 2.1%, boosted by transportation, machinery, steel and financial issues.

This column mentioned on Wednesday that Rino had soared 230% above its 200-day moving average.

Shares of the following companies are having unusual moves in U.S. trading this morning.