International Business Machines Corp
IBM stock pops higher as earnings beat expectations but sales decline yet again
This article previously listed an inaccurate figure for IBM’s second-quarter earnings per share. It has been updated. International Business Machines Corp. shares gained in after-hours trading Monday, after the tech giant reported another decline in revenue but produced more profit and sales than Wall Street expected amid the COVID-19 pandemic. IBM IBM, +1.00% reported second-quarter …
NYC passes bill requiring police to disclose surveillance technology
NYPD Police officers listen as Police Benevolent Association of the City of New York President Pat Lynch and representatives from other NYPD and law enforcement unions holds a news conference at the Icahn Stadium parking lot on June 9, 2020 to address the “current anti-law enforcement environment.” in New York. Timothy A. Clary | AFP …
Amazon bans police use of facial recognition technology for one year
Amazon said on Wednesday that it’s banning use of its facial recognition software by police for one year, as pressure on tech companies builds to respond to the killing of George Floyd by a police officer in Minneapolis. “We’ve advocated that governments should put in place stronger regulations to govern the ethical use of facial …
States lean toward pushing to break up Google’s ad tech business
Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019. Charles Platiau | Reuters The state attorneys general investigating Google for potential antitrust violations are leaning toward pushing for a breakup of its ad technology business as part of an …
Marvell Technology is ‘Mr. 5G’
Raytheon: “I think it’s a terrific combination and it should be bought.” Crown Castle: “That is a castle keeper. I like that stock. … Will you look at that chart? I mean that chart — that is a reverse head and shoulders I just dream of.” Marvell Technology: “That’s a first-round pick. … It is ‘Mr. …
Amazon files suit protesting Microsoft JEDI cloud contract
Jeff Bezos, CEO, Amazon Mark Ralston | AFP | Getty Images Amazon Web Services on Friday confirmed that it has filed a lawsuit challenging the Defense Department’s decision to award Microsoft a major contract for cloud services. The JEDI (Joint Enterprise Defense Infrastructure) deal, which could be worth up to $10 billion, was hotly contested …
Top technology analyst sees no opportunities in hardware sector
Inside an Apple store in Causeway Bay, Hong Kong. Miguel Candela, SOPA Images | LightRocket | Getty Images There are no good stocks to buy in the IT hardware sector, according to top-rated technology analyst Toni Sacconaghi. A.B. Bernstein maintained a market-perform rating for Apple, HP, Hewlett Packard Enterprises, IBM and Dell due to their …
