With no short-term catalyst for gains on the horizon, Intel shareholders are now forced to ponder its long-term fundamental prospects, and they frankly remain bleak, even as its rivals prosper.
Author: Agency Staff
At Tesla’s Battery Day event in September, CEO Elon Musk set himself an ambitious target: to produce a $25 000 electric car in three years. Hitting that price is seen as critical to deliver a true, mass-market product.
Lobby group Business Leadership South Africa has listed key reforms it views as necessary to fast-track growth in a letter to finance minister Tito Mboweni before his medium-term budget policy statement next week.
Intel on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data centre spending. Its shares tumbled.
Cisco’s video-conferencing app Webex clocked 590 million participants in September and is on track to record over 600 million this month, nearly double the numbers recorded in March.
Huawei Technologies reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year.
US antitrust officials are nearing a final decision on bringing a lawsuit against Facebook that accuses the social media giant of using its dominance to harm competition.
Huawei introduced the Mate 40 smartphone series on Thursday, potentially its last major release powered by its self-designed Kirin chips.
Facebook on Thursday said its WhatsApp messaging app would start to offer in-app purchases and hosting services, as it moves to boost revenue from the app while knitting together e-commerce infrastructure across the company.
Huawei quietly spent months racing to stockpile critical radio chips ahead of Trump administration sanctions, ensuring it can keep supplying Chinese carriers in their $170-billion roll-out of 5G technology.