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Zoom Technologies Stock Booms After Agreement With Qualcomm
Wednesday, April 13, 2011 - 10:14am | 349Zoom Technologies (NASDAQ: ZOOM) saw its stock boom after reaching an agreement with Qualcomm Inc (NASDAQ: QCOM) to license Qualcomm's 3G technology. Zoom's stock rose nearly 50% overnight, from $3.10 to $4.60 per share in premarket trading. Zoom's boom is fueled by news that it will now develop...