A column published today by The Guardian suggests that Silicon Valley is overpromising consumers and that there hasn’t been any game-changing tech in years. I agree we may not end up on Mars as soon as promised, but some of the tech introduced in the last several years is game-changing. Here’s a couple of products […]
Read moreTreasury Secretary Steve Mnuchin on Monday joined the growing chorus of government officials concerned about tech monopolies. “These are issues that the Justice Department needs to look at seriously — not for any one company — but obviously as these technology companies have a greater and greater impact on the economy, I think that you […]
Read moreMicron shares are rising as the company said its financial results will be better than expected. On Monday the chipmaker increased its guidance for its fiscal third quarter ending in May. Micron now expects sales for the quarter to be in the range of $7.7 billion to $7.8 billion versus its previous guidance of $7.2 […]
Read moreIn 1985, computers were expensive, complicated and hard to use. But Steve Jobs, the co-founder of Apple, had a vision for what personal computers could be. “We’re just in the beginning stages of what will be a truly remarkable breakthrough for most people—as remarkable as the telephone,” Jobs told Playboy in February of 1985. In […]
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Easing U.S.-China trade tensions will likely help chipmakers’ stocks the most. Among companies in the S&P 500, Skyworks Solutions, Qualcomm, Qorvo, Broadcom and Micron have the highest percentage of revenue generated from China, according to FactSet. Shares of Skyworks climbed nearly 3 percent in premarket trading Monday, Qualcomm briefly gained 1 percent and Qorvo rose […]
Read moreThe worst is over for Snap shareholders, according to one Wall Street firm. MoffettNathanson raised its rating to neutral from sell for Snap shares, saying the social media company’s app design reversal may help its user metrics. “We worry that as Snap reverses that ill-conceived redesign, user growth will improve which could help the narrative,” […]
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Apple’s iPhone X demand remains soft while the latest look into its services business growth proved “good not great,” according to Nomura Instinet. Analysis of recent iPhone average selling prices – a key metric offering insight into the generations of iPhones being sold – implied a thinner mix of iPhone X volumes than hoped, analyst […]
Read moreThe hand-wringing over Tesla’s ability to generate profits on the Model 3 is overblown, according to Berenberg. The firm raised its price target for Tesla, predicting the electric car maker will be able to meet its 25 percent gross profit margin forecast for the Model 3. Berenberg also reiterated its buy rating for the stock. […]
Read moreGoogle’s catchphrase “Don’t be evil” appears to have been all but removed from its corporate code of conduct. According to a report on the Gizmodo website, the company’s code has been edited so “Don’t be evil” appears only once. For example, a sentence that started “The Google Code of Conduct is one of the ways […]
Read moreThe U.S. Federal Communications Commission said on Friday it was referring reports that a website flaw could have allowed the location of mobile phone customers to be tracked to its enforcement bureau to investigate. A security researcher said earlier this week that data from LocationSmart, a California-based tech firm, could have been used to track […]
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