Buying Stock in KongZhong Corporation
Written by Pablo Palatnik on August 15, 2008
Looking at technology and advertising companies in our sector, I came upon KongZhong Corporation under the stock ticker ADR which trades in the Nasdaq. This stock currently is trading at $4, but it is pointless to talk about stock prices as that literally changes by the second when the market opens.
Let’s look at the the summary of this company:
KongZhong Corporation provides interactive entertainment, media and community services through multiple technology platforms to mobile phone users. The Company provides most of its services through 2.5G technology platforms, including wireless application protocol (WAP), multimedia messaging services (MMS) and Java. It also offers a range of data and voice services through second-generation (2G) technology platforms, including short messaging services (SMS), interactive voice response (IVR) and color ring back tone (CRBT). The Company delivers a range of services that users can access directly from their mobile phones, including by choosing an icon embedded in select models of handsets, or from a mobile operator’s portal or Website. Its services are organized in three major categories, consisting of interactive entertainment, media and community
We are in the brink of the mobile craze online applications, etc. The iPhone and Blackberry both have sparked an inmense world of online mobile opportunities as the technology on the phones allow users to better utalize the internet. Mobile is the future and I don’t see an investment gone wrong in a company that provides mobile platforms.
See KongZhong Corporation Analyst Estimates
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2 Responses to “Buying Stock in KongZhong Corporation”
Seems like a wise investment man! I’ll definitely look into it myself… you’re right, that type of technology is going nowhere but upwards.
By Nick Stamoulis on Aug 15, 2008