Posts Tagged ‘Viper Networks Inc’

Stocks are lower after Goldman Sachs, Citigroup earnings disappoint

Investors turned cautious Thursday after earnings reports from Goldman Sachs Group Inc. and Citigroup Inc. stirred worries about the troubles banks still face.

Stocks fell moderately in early trading after rallying Wednesday. Investors drew some comfort from a government report that the number of newly laid-off workers filing claims for unemployment insurance fell last week. A report on manufacturing in the New York region also topped expectations.

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Stocks surge on strong earnings reports from Intel Corp. and JPMorgan Chase & Co.

JPMorgan Chase, the first major bank to report third-quarter earnings, stoked the market’s optimism as it handily beat Wall Street’s expectations, reporting a profit of $3.59 billion for the July-September period. However the bank also said loan losses are still high and are likely to remain so for some time.

Intel also beat analysts’ estimates, reporting a smaller-than-expected decline in profit and sales after the market closed Tuesday. The leading chip maker said it expects sales in the final period of the year to top analyst projections, raising hopes that the computer market was improving.

A smaller-than-expected decline in retail sales for September underpinned the market’s early gains.

The Commerce Department said retail sales declined 1.5 percent last month as car sales tumbled following the end of the government’s Cash for Clunkers program. While that was the largest monthly decline this year, it was not nearly as big as the 2.1 percent drop analysts had expected. Excluding autos, retail sales rose 0.5 percent, better than the 0.2 percent increase analysts forecast.

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Stocks are lower as a weaker U.S. dollar help lift commodity prices and Johnson & Johnson’s third-quarter sales figures disappointed investors

Stocks fell on Tuesday after disappointing quarterly sales figures from economic bellwether Johnson & Johnson (NYSE: JNJ) sparked worries about consumer spending, offsetting a lift from higher commodity prices.

The Nasdaq gave up its initial gains at the open.

The Dow Jones industrial average was down 53.66 points, or 0.54 percent, at 9,832.14. The Standard & Poor’s 500 Index was down 7.19 points, or 0.67 percent, at 1,069.00. The Nasdaq Composite Index was down 5.16 points, or 0.24 percent, at 2,133.98.

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Viper Networks, Inc. provides VoIP products and services through distributors and resellers around the world.

Its network of VoIP gateways serves more than 350 countries and regions, and it is unique in offering both network services and equipment to its customers. The Company is a provider of high quality and cost effective VoIP solutions for domestic and international long distance consumers in both the consumer and business markets. The secure reliable communications is growing in demand in the global economy where distance is not an obstacle but communications cost are. Both individuals and enterprises are perpetually required to place more and more domestic and international calls to get in touch with their friends, relatives, business associates, and clients, to be able to timely communicate news, information, send documents or just hear each others voice.

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