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Zoom Shares Higher on Potential Google Deal Detailed in SEC Disclosure

  • by MidnightTrader.com
    March 8, 2010 - 1:14 pm EST
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01:14 PM Eastern Standard Time, 03/08/2010 (MidnightTrader) — Shares of Zoom Technologies (ZOOM) were sharply higher in Monday’s session after the company filed a presentation with the Securities and Exchange Commission.

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  • Want to manage your risk better when trading GOOG?

The presentation, which it plans to give at an upcoming conference, makes a reference to Google’s (GOOG) Android operating system, which could indicate it could incorporate the software for its own Leimone brand of mobile devices, reported TheStreet.com.

Zoom shares were up $1.90, or 31.15%, to $8.00.

Price: 8.00, Change: +1.90, Percent Change: +31.15

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