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How to invest in the social networking boom

BNN.ca staff
1:56 PM, E.T. | April 12, 2012
Investing, Technology
Tags: Celestica , Facebook, Intertainment
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Facebook's looming IPO is one of the most anticipated public offerings in recent years and is expected to raise $5 billion US for the Silicon Valley darling. Naser Iqbal, technology analyst at Salman Partners, tells BNN which companies Canadians -- who likely won't get in on the Facebook IPO -- can focus on to tap into the rise of social networking.
  • Intertainment (INT-X) -- Iqbal calls the company an incubator of new media and its language translation software is currently used by Facebook, Google and MSN Messenger.
  • Celestica (CLS-T) -- The company's stock has been under pressure, as Research in Motion -- the struggling smartphone maker -- accounts for 20 percent of its business. But Iqbal says Celestica's strong balance sheet and cheap valuation is attractive.
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