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Micro-Cap in Focus; Microelectronics Technology Co. (MELY)

By Warren Paige

Microelectronics Technology Co. (PINK: MELY), this week, provided an update regarding the cloud computing opportunities it is strategically positioning to take advantage for future growth.

MELY, citing Forrester Research, said that global cloud computing market is expected to reach $241 billion in 2012 from $40.7 billion in 2010. In the report, called Sizing the Cloud, Forrester Research aims to provide insights into the future market size of cloud computing segment while trying to forecast market growth dynamics in a new IT environment driven by rapidly growing number of cloud computing services and applications.

According to the report, Software-as-a-Service (SaaS) offers more growth opportunity than any other segment in the cloud computing market.

Microelectronics Technology shares are marginally higher in trading today. At last check, the stock was trading 0.66% higher at $0.0760 on volume of 28,044.

 

May 16th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.