In the scarce hubs of developing countries, where only a quarter of people are having internet access as compared to developed nations with three-quarters online users. In United States, an alliance of famous Silicon Valley firms including Intel Corporation (NASDAQ:INTC), Google Inc (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), Microsoft Corporation (NASDAQ:MSFT), and Cisco Systems, Inc. (NASDAQ:CSCO), aims to give more people the online access to explore more markets for Silicon Valley.
The World Wide Web Foundation is a public-private partnership among the State Department and renowned technology firms that is working to help the next billion people come online, it is said by Clinton.
The web traffic from developing nations must pass through some international fiber-optic cables to hubs hundreds or thousands of miles away, that is slowing service and costly. So this so called tech alliance is seeking to use the corporate and diplomatic powers to insist the governments to change their laws coming in the way of Internet access.
This is not clear how all things will go, as currently, the U.S. diplomats press governments to invest in IXPs and deregulate the telecommunications, the companies will let somebody use the State Department and governments abroad technical expertise.
The tech companies Google Inc (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), Cisco Systems, Inc. (NASDAQ:CSCO) and Microsoft Corporation (NASDAQ:MSFT) all have confirmed membership in the group; except the Intel Corporation (NASDAQ:INTC).
Ann Mei Chang, who was a former senior engineering director at Google, says they want to go in with a unified voice, as there are things we think you can do so the Internet will flourish and will cause your economy to thrive.
If these tech companies and U.S succeeded to change that imbalance in internet use, then the credit will go in part to Ann Mei Chang, she is now living in Nairobi, Kenya, a city Google Executive Chairman Eric Schmidt has called the Africa’s soon-to-be Silicon Valley.
Google Inc. (NASDAQ:GOOG) was up a fraction +0.49% closing at $773.95 on Thursday while it begun with a price of $769.70, the maximum price gained by GOOG is of $778.81. GOOG stock price moved up from its 20 days moving average with 4.34% and remote positively from 50 days moving average with 7.61%. The current year earnings per share of GOOG experienced an increase of 9.10% while its current quarter performance remained 13.53%.
Intel Corporation (NASDAQ:INTC) stock plunged -0.86% to $20.81 in last session, while it begun with a price of $20.97 and reached at a maximum of $20.97 in the last trading session.