Qihoo 360’s New Music Service, Nokia Lumia Sales Figures Confronted: Tech Biz Wrap

A new music search service was launched Thursday by the Chinese Internet services and security software supplier Qihoo 360 Technology Co. (NYSE:QIHU). The service integrates results from Chinese online music suppliers Kuwo.cn, 1ting.com, and Xiami.com., but the service is  accessible solely through the firm’s So.com search portal. Music search for Qihoo 360’s online web directory is supplied by Sohu.com’s (NASDAQ:SOHU) online search subsidiary Sogou.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >

Nokia Corporation (NYSE:NOK) has been enjoying some good press of late, with its reported early impressive sales of Lumia making some headlines. along with increasing investor good will. But, analyst Kai Korschelt at Deutsche Bank isn’t buying any of it, saying that “The firm’s retail and industry research indicates these initial stock-outs are caused by limited device supply, rather than overwhelming demand. Anecdotal evidence implies that many sellers have only received 5-20 devices per store with broader carrier distribution delayed in Germany & the United Kingdom.” Korschelt added that the cause for the low supply might be ongoing shortages of 28nm components.

The telecom expert Daniel P. Kelly has been named by the board of Tellabs (NASDAQ:TLAB) as the company’s new chief executive officer and president, effective immediately, according to a Thursday release. Kelly has more than 25 years of experience in a number of research and development roles at Tellabs, and has served as the acting chief executive and president since June 27, 2012.

Don’t Miss: Why is Nokia Picking a Fight With RIM?