5.57k followers • 7 symbols Watchlist by The Motley Fool
The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
5G technology innovator Sierra Wireless (TSX:SW)(NASDAQ:SWIR) and cybersecurity firm Absolute Software Corporation (TSX:ABT) are my top picks for 2020.
The Dow and S&P 500 were lower on Tuesday afternoon as a sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it would fall short of its recently announced quarterly sales target because of slower iPhone production and weaker demand in China.
U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains. The news also sent Apple suppliers, including Qualcomm Inc , Broadcom Inc, Qorvo Inc and Skyworks Solutions Inc, lower by 1.8% to 2.3%.
SAN FRANCISCO/NEW YORK, Feb 18 (Reuters) - As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today's decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. March 11, 2000 marked the beginning of a crash of overly-inflated stocks that would last over two years, lead to the failure of investor favorites including Worldcom and Pets.com and take over 13 years for Wall Street to recover from. Now, after hitting a record high on Feb. 13, the Nasdaq has reached over 9,700 points, almost double its high point in 2000 and about eight times the level of its trough in 2002.
Last week, you might have seen that Sierra Wireless, Inc. (TSE:SW) released its annual result to the market. The early...
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.
(Bloomberg) -- The U.S. raised the stakes in its battle with Huawei Technologies Co., using a law historically associated with prosecuting mafia figures to claim the Chinese company engaged in decades of intellectual property theft.Huawei, the world’s largest maker of telecommunications equipment, and Chief Financial Officer Meng Wanzhou had already faced criminal charges. The fresh allegations, announced Thursday, up the ante by including racketeering conspiracy, increasing the potential punishment. They come as the global battle for supremacy in fifth-generation wireless technology, or 5G, is joined.Huawei broke the law “to drastically cut its research and development costs and associated delays, giving the company a significant and unfair competitive advantage,” the Justice Department said in a statement. The company even launched a bonus program to reward employees who got their hands on confidential information from competitors, prosecutors said.The new charges depict a company that won international standing by stealing trade secrets, evading U.S sanctions and lying to authorities. They are likely to increase tensions between Beijing and Washington, which has accused Huawei of spying for the Chinese government, even as Huawei won a brief reprieve from a proposed ban on buying parts.The indictment doesn’t name the businesses from which Huawei allegedly stole intellectual property, but details of the allegations match descriptions of companies including Cisco Systems Inc., Motorola Inc. and Cnex Labs Inc.“The indictment paints a damning portrait of an illegitimate organization that lacks any regard for the law,” Senator Richard Burr of North Carolina, the Republican chairman of the Intelligence Committee, and Senator Mark Warner of Virginia, the panel’s Democratic vice-chairman, said in an emailed statement. “Intellectual property theft, corporate sabotage and market manipulation are part of Huawei’s core ethos and reflected in every aspect of how it conducts business.”Huawei doesn’t “abide by Western business practices,” Rob Spalding, a Washington-based technology and security expert at the Hudson Institute who served on the National Security Council, said in an email. “Which is why many U.S. companies are no longer competitive in the global marketplace.”Read More: Why 5G Mobile Arrives With a Subplot of EspionageHuawei, in turn, has accused the U.S. of orchestrating a campaign to intimidate its employees and launching cyberattacks to infiltrate its internal network. China’s Ministry of Foreign Affairs has urged the U.S to “stop unreasonably targeting Huawei and other Chinese enterprises.”The new indictment “is part of the Justice Department’s attempt to irrevocably damage Huawei’s reputation and its business for reasons related to competition rather than law enforcement,” a representative of the company said Thursday. “These new charges are without merit and are based largely on recycled civil disputes” from the last 20 years “that have been previously settled, litigated and, in some cases, rejected by federal judges and juries.”Huawei was previously accused of violating U.S. sanctions against Iran and North Korea. Meng, the CFO, was charged with fraud last year, with the case rippling into Canada, where she is currently fighting extradition to the U.S. Meng’s lawyers have argued in court that their client did nothing wrong.The U.S. said Huawei stole trade secrets, including copyrighted works, source code and user manuals for internet routers, to “grow and operate” its business. The company swiped antenna and robot testing technology, prosecutors said.Then, they said, it doubled down.“When confronted with evidence of wrongdoing, the defendants allegedly made repeated misstatements to U.S. officials, including FBI agents and representatives from the U.S. House Permanent Select Committee on Intelligence, regarding their efforts to misappropriate trade secrets,” they said.Read More: U.S. Ramps Up Huawei Fight With Iran, Trade-Secret ChargesThe U.S. dates the thefts to 2002. But the government has also linked the 2016 alleged theft of a computer chip from a California tech company for Huawei with the latest charges.Bo Mao, a Xiamen University professor, was charged in September with stealing trade secrets. His lawyers said in a court filing Thursday that the prosecution is related to the Huawei case.In the new indictment, the government is wielding some prior allegations of wrongdoing, like Huawei’s alleged theft of a phone-testing robot developed by T-Mobile US Inc., to build a more muscular case. The U.S. alleged that a Huawei engineer secretly took photos of T-Mobile’s robot, Tappy, took measurements of parts and even stole a piece of it. When T-Mobile threatened to sue, the U.S. said, Huawei blamed “rogue actors” within the company.Intellectual property theft “explains a lot of Huawei’s success,” said Jim Lewis, of the Technology Policy Program at the Center for Strategic and International Studies in Washington. “Huawei is the poster child for China’s commercial spying.”The case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).Read MoreHuawei Pleads Not Guilty to Bank Fraud Charges in New YorkU.S. Accuses Huawei of Trade-Secret Theft, Defrauding BanksProsecutors Say Government Used FISA to Watch HuaweiU.S. Charges Chinese Professor Accused of Theft to Help Huawei(Updates with Bo Mao case)\--With assistance from Bob Van Voris and Natalie Obiko Pearson.To contact the reporters on this story: Patricia Hurtado in Federal Court in Manhattan at firstname.lastname@example.org;Alyza Sebenius in Washington at email@example.com;Todd Shields in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: David Glovin at email@example.com, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sierra Wireless (SWIR) delivered earnings and revenue surprises of -33.33% and 2.89%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Lululemon is committing to provide its 20,000 employees mental health benefits. EVP Celeste Burgoyne made the announcement at the 2020 MAKERS Conference on Wednesday.
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact. The S&P 500 fell as much as 0.6% in early trading after China reported a record spike in deaths and thousands more infections using a new diagnosis method at Hubei, the epicenter of the outbreak. "The surge in reported cases today is a one-off change due to methodology and, by itself, does not imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.
Defensive stocks helped the S&P 500 and the Nasdaq erase losses to trade flat on Thursday, even though a sharp rise in new coronavirus cases in China kept investors worried. The three main U.S. stock indexes had opened more than 0.5% lower as China reported a record spike in deaths and thousands more infections using a new diagnosis method at a province that is at the center of the outbreak. "The surge in reported cases today is a one-off change due to methodology and by itself, doesn't imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.