Boston, MA, 02/19/2014 – Blucora Inc (NASDAQ:BCOR) tanked down by more than 8% on Tuesday after Gotham City Research alleged that the online service provider is driving traffic through malicious malware and illicit searches including child pornography. The research report highlights that 94.8% of Blucora’s traffic is redirected to a browser hijacker and that the company has a legacy of defrauding investors, vendors and customers. Moreover, the research firm also raised possibility that Blucora may loose Google in view of violations wiping 60% of its revenues. According to the reports, 80% of the traffic to its sites come from places outside the U.S. and yet the revenue from these places account only 1%. The spokesperson of Blucora Inc (NASDAQ:BCOR) rejected the allegations, stating that the report is full of inaccuracies and factual misrepresentations. It added that the company has several tools in place to prohibit child pornography related searches.
On Tuesday, Hitachi Data Systems Corporation announced that it is partnering with Symantec Corporation (NASDAQ:SYMC) for resale of itsEnterprise Vault information archiving software andNetBackup data protection software. Hitachi said that it chose Symantec’s information management solutions because of its proven track record in reliability to assist clients in safeguarding and storing their critical data. After this partnership, Hitachi Data Systems could deliver the best information software and services to its customers through the convergence of the positives of the two companies.
The ramp up progress reported by North American Palladium Ltd (USA) (NYSEMKT:PAL) could not halt the optimism for long as it fell down yesterday. Last week, the company announced that its Lac des lles palladium mine located in northern Ontario recorded an average production of 3,100 tonnes per day, higher than the operating guidance of 3,000 tonnes per day, by the company. The company mentioned that January has been the best months in the last two years as the payable palladium production reached 15,200 ounces. Moreover, North American Palladium Ltd (USA) (NYSEMKT:PAL) also witnessed some benefits from mill improvements.