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.
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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 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.
Airbnb is hiring former Apple design chief Jony Ive and his new firm, LoveFrom, to work on projects with the home-sharing start-up.
Short-form streaming service Quibi is closing down just over six months after launch. The service had promised to revolutionise how viewers consumed entertainment and was geared towards smartphones.
The Chinese foreign ministry warned Sweden that it should revoke its ban on Huawei Technologies to avoid hurting prospects for Swedish companies.
Chinese technology companies including Huawei have expressed strong concerns to local regulators about Nvidia’s proposed acquisition of ARM, potentially jeopardising the $40-billion semiconductor deal.