SLI shares soar after December search queries top 1 billion

Mon, 13 Jan 2014

By Paul McBeth Jan. 14 (BusinessDesk) - Shares in SLI Systems soared to a six-month high after the online search software developer’s service topped 1 billion search queries in December, the first time it crossed that threshold. The shares rose as high as $2.50, the highest since July last year, and recently traded at $2.45, up 20 percent on the day, after the company said search queries handled for its global retail customers grew 50 percent in December from a year earlier. December is typically the busiest month for search queries on retai...

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