Connect with us

Technology

Big News: BlackBerry Ltd (NASDAQ:BBRY), Google Inc (NASDAQ:GOOG)

Published

on

Smartphone maker BlackBerry Ltd(NASDAQ:BBRY)’s management gives out reasons for failing to woo customers; Google Fiber Still Worthwhile Despite AT&T Entry, Says Bernstein.

Find Out Why GLCO Will Massively Outperform BBRY

Smartphone maker BlackBerry has disclosed that customers are turning against its products. The firm said that the stiff competition affecting the firm’s operational and financial results which previously affected demand in US is now being seen all over the world including markets where the firm has witnessed very good growth historically.

The firm said that the slowdown was primarily due to rise in the number of inexpensive phones especially based on Android operating system. But, it did not deny that the shortage of apps in its own operating system also resulted in the decline.

The management wrote the information in the last quarter results announced by the firm.

The company delayed the release as well as cancelled the conference call with analysts due to the confidential and nonbinding bid from the largest shareholder, Fairfax Financial Holdings of Toronto.

The firm’s North American sales were $414 million during the period whereas the all other regions excluding Asia accounted for almost $686 million, about 42 percent. The firm came out with losses of over $1 billion for the quarter due to the inventory write-down on the firm’s 10 operating system, which was pitted against competitors such as Samsung and Apple.

Bernstein Research‘s Carlos Kirjner assessed the threat to Google Inc(NASDAQ:GOOG) of AT&T‘s that it would be delivering Internet access of up to one billion bits per second in Austin, Texas by next year using fiber-optic lines.

Kirjner, having an Outperform rating on Google shares, with a price target of $1,000 price target, stated that AT&T is taking a leaf out of Google’s book. He opined that this is in reaction to Google’s building its own fiber network and service in Austin, which would begin from 2014.

It is difficult to gauge the impact of AT&T’s reaction on Google at this juncture.

Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

Published

on

By

Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

Continue Reading

Technology

Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida

Published

on

American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

Continue Reading

Technology

Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday

Published

on

Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

Continue Reading
Advertisement

Trending