Boston, MA 09/27/2013 (wallstreetpr) – In Thursday’s trading, Linktone Ltd (NASDAQ:LTON) stock rose by 11.68%. The opening price of the shares was $3.01 which climbed to an intraday high of $3.37 and dropped to a close of $3.25. Approximately 0.159 million shares were traded on Thursday and an average volume of 0.253 million shares was traded over a 30 day period. The 52- week low of the shares was $2.17 and the 52-week high was $4.50. The company has a market capitalization of 133.39 million.
Linktone Ltd (NASDAQ:LTON) provides various entertainment-oriented value added content and services to mobile users via the 2G and 2.5G mobile telecom networks in Indonesia and China. It also offers services via a 3 telecom network in Indonesia. As of 31 December 2011, it specialized in developing, aggregating, marketing and distributing user wireless-content and applications that could be accessed by the 900M people in China and 210m people in Indonesia’s who used mobile phones.
The service operators
These services were offered via 3 different mobile-network operators in China- China Unicom, China Mobile and China Telecom. In addition to this, Linktone Ltd (NASDAQ:LTON) also provides services through 9 mobile-network operators in Indonesia- PT Indosat Tbk, PT Telekomunikasi Selular, PT Telekomunikasi Indonesia Tbk, PT Bakrie Telecom, PT XL Axiata Tbk, PT Sampoerna Telekomunikasi Indonesia, PT Natrindo Telepon Seluler, Hutchison CP Telecommunication, and PT Smartfren. The company also provides some audio related services over mobile and fixed line telecom-networks.
The 2G services
Its 2G short-messaging service-based services include icons, ringtones and screen-savers, interactive SMS-messaging in some television programs, action, adventure, fortune-telling games, lunar and trivia and Western horoscopes. It also has jokes, fan clubs, entertainment, event-driven and news updates. Linktone Ltd (NASDAQ:LTON) offers 2.5G services. These include multimedia messaging services like animated screensavers, cartoons and magazine- style and comic strips mobile-articles that cover numerous event-driven topics and news-updates.
