Cray Inc. on Monday said it expects to be profitable in 2016 on both adjusted and GAAP basis but did not provide an earnings outlook for 2017 due to a “lack of visibility for the year.” However, it projected 2016 revenue of $630 million, which fell short of $633.3 million projected by analysts in a FactSet survey.
Category: Computers
Trump Said to Tell Confidant He Remains Opposed to AT&T Deal
Donald Trump remains opposed to the megamerger between AT&T Inc. and Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months. Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private.
AT&T sees faster path for deal
AT&T Inc. and Time Warner Inc. said they can avoid having the Federal Communications Commission scrutinize their proposed merger, eliminating a significant hurdle in the path of the $85.4 billion deal, which has attracted criticism from President-elect Donald Trump. “While subject to change, it is currently anticipated that Time Warner will not need to transfer any of its FCC licenses to AT&T in order to continue to conduct its business operations after the closing of the transaction,” the companies said in a regulatory filing dated Thursday.
At CES, voice assistants speak up
In the very near future, instead of controlling your gadgets by pressing buttons or tapping on screens, you may just talk to them. Intelligent assistant technology like Apple’s Siri and Amazon’s Echo is starting to spread widely.
How to Sign Up for a Robinhood Brokerage Account: A Step-by-Step Guide
As part of The Motley Fool’s mission to help the world invest better, we’re putting together a list of some of the top online investment brokers and giving you step-by-step guides on how to sign up for accounts. For this how-to, we’re focusing on Robinhood’s The company’s site says it takes less than four minutes to set up an account, which I found to be pretty accurate.
Trump Tells Confidant He Still Opposes AT&T-Time Warner 2 hours ago
Time Warner Inc. because he believes it would concentrate too much power in the media industry, according to people close to the president-elect, who has been publicly silent about the transaction for months. Trump told a friend in the last few weeks that he still considers the merger to be a bad deal, said one of the people, who asked not to be identified because the conversation was private.
Alexa Could Be Amazon’s “Fourth Pillar”
All three have been instrumental to Amazon’s success over the past decade-plus and Bezos wrote, “I assure you that we also remain hard at work on finding a fourth [pillar].” It’s been two years since Amazon unveiled the Echo, which can serve as a hub for other smart-home devices like thermostats and lightbulbs, and its functionality has been extended through third-party “skills,” which function like voice-controlled apps.
Toyota Plans Years of Building Cars Largely Controlled by Humans
Toyota Motor Corp. plans to spend years designing cars in which humans retain a large measure of control, since the goal of turning all driving decisions over to computers seems too dangerous for now. The problem, Toyota said Wednesday, is that society has come to accept 39,000 traffic fatalities a year in the U.S., mostly due to human error, but would never tolerate similar carnage involving cars controlled by computers.
Is It the Magic of Trump or Just Investors Blinded by a Happy New Year? -ICYMI
Macy’s said Wednesday it will close 68 stores by early spring. Macy’s flagship store in Herald Square in New York City is pictured above circa 1895.
Toshiba Shares Recover From Early Plunge on Accounting Report
Shares of Toshiba Corp. recovered from an early dive after the Asahi newspaper reported regulatory concerns about the company’s earnings. Toshiba rose 2.3 percent to 289.6 yen as of 11:13 a.m. in Tokyo after slumping as much as 6.9 percent in early trade.
China’s Sogou Targets $5 Billion IPO to Chase Rival Baidu
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the mobile market. Sogou, whose name means “search dog,” plans to sell about 10 percent of its shares in an IPO that will probably be held this year, Chief Executive Officer Wang Xiaochuan said in an interview.
Apple Turns 40 With Little Fanfare as March to Dow 20K Resumes: ICYMI
Indexes ended Tuesday in the green across the board as Trump continued to nominate advisers to his cabinet and Tweet his heart out sending a handful of stocks into disarray. On Jan. 3, 1977, the Apple Computer Corp. is incorporated.
Infosys, Wipro Leaders Warn of Challenging Times for Indian IT
The leaders of two of India’s largest technology services companies, Infosys Ltd. and Wipro Ltd., have warned employees that their industry faced a grave threat from rising political and economic conflict around the world. Employees need to innovate and bring out their best to survive, Infosys Chief Executive Officer Vishal Sikka said in a year-end note to staff.
2 Things to Watch From Qualcomm Inc. in 2017
Although the company’s stock price is up about 34% year to date , its financial results in its most recent fiscal year were uninspiring. Qualcomm closed its fiscal year on Sept.
Shorts Pick Wrong Time to Forget Toshiba Shares, Down 40%
So it goes for bears on Toshiba Corp., who’ve spent the last seven months covering short sales on the electronics maker after pushing them to a decade high in May. Bets against the stock hit the lowest level of the year this week, just in time for it to plummet more than 40 percent in three days on word of a writedown at its U.S. nuclear services unit. Now credit swaps are surging as rating agencies downgrade their outlook on the company.
Toshiba Falls by Record as Ratings Cut on Looming Writedown
Toshiba Corp. plunged by the most on record in intraday trade after the company’s credit ratings were cut following an announcement it may write down billions of dollars of an acquisition made by U.S. unit Westinghouse Electric. The shares fell as much as 26 percent, the most since 1974, according to available data, to 232 yen in Tokyo on Thursday.
Will Consumers Change Their Minds About Wearables In 2017?
This year was a lackluster one for smartwatches and fitness trackers. A lot has to change for 2017 to mark a significant improvement.
Toshiba’s Record Fall Highlights U.S. Nuclear Cost Nightmare
Toshiba Corp. plunged by the most on record as the once heralded U.S. nuclear renaissance turns into a nightmare for the Japanese company. The shares fell by 20 percent, the most since 1974, according to available data, to close at 312 yen in Tokyo, following a 12 percent drop Tuesday.
European Stocks Called Higher as Global Markets Eye Dow Advance
European stocks are set to drift higher Wednesday, but direction will likely be set by the Dow later in the session. European stocks are expected to open modestly higher Wednesday in a holiday-shortened week that will see thin volumes in all major markets around the region.
Toshiba Falls by Daily Limit as Nuclear Unit Faces Writedown
Toshiba Corp. fell by its daily limit after saying Tuesday it may have to write down the value of an acquisition made by U.S. unit Westinghouse Electric by billions of dollars. The shares fell by 20 percent to 311.6 yen by 9:31 a.m. in Tokyo.
Toshiba Falls by Limit as U.S. Nuclear a Nightmare for Costs
Toshiba Corp. plunged by the daily limit in Tokyo as the once heralded U.S. nuclear renaissance is turning into a nightmare for the Japanese company. The shares fell by 20 percent to 311.6 yen in Tokyo, following a 12 percent drop Tuesday.
Toshiba Says Nuclear Unit Faces Billions of Dollars in Charges
Toshiba Corp. warned that it may book a writedown of several billion dollars related to an acquisition made by U.S. unit Westinghouse Electric. The company’s shares fell 12 percent to 392 yen at the close in Tokyo on Tuesday, the biggest decline since December 2015, after earlier reports that it may book a loss of as much as 500 billion yen .
Asian shares mostly higher in thin trading ahead of New Year
Shares are mostly higher in Asia as trading for the last week of the year began Tuesday after most markets were closed for Christmas. Most benchmarks stayed in a narrow range.
1 Number for Fitbit Investors to Watch
The consumer technology space is a challenging one with prices dropping year over year as technology improves. But what you might not know is that Fitbit has increased revenue per device sold in each of the last four years.
Allergan, Apple, Costco: Doug Kass’ Views
Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.
Apple’s New MacBook Pro Has Battery Problems, Consumer Reports Says
Consumer Reports does not recommend buying the new MacBook Pro from Apple Inc. , a first for the magazine in regards to the tech giant’s popular laptop computers, and said issues it found with the devices’ battery life was the reason. In a review published Thursday , Consumer Reports said it purchased three models of MacBook Pro laptops and found “battery life results were highly inconsistent from one trial to the next.”
What to Watch: Expect More Boards to Add Activist-Backed Directors in 2017
Look for few large-cap acquisition targets, many small capitalization fights and a lot of insurgent-driven M&A in 2017. In October, the large and influential money manager State Street Global Advisors issued a warning to companies and activists for 2017: Consider very carefully the interests of long-term investors when entering settlements with insurgent funds.
Japan Display Secures New Lifeline From Government-Backed Fund
Japan Display Inc., which has struggled to deliver consistent profits since it was formed by a government-backed fund four years ago, is going back for more money. The Japanese maker of smartphone screens agreed to a 75 billion yen injection of cash from Innovation Network Corp. of Japan, which is already its largest shareholder.
Mistry Resigns From Tata Companies Amid Fight With Scion
Ousted Tata Sons Ltd. Chairman Cyrus Mistry resigned as director of group companies as the units prepared to host shareholder meetings to remove him from the boards in a brawl for control of the $100 billion group. Mistry stepped down as a director in Tata Steel Ltd. and Indian Hotels Co., and as chairman of Tata Motors Ltd., the three companies said in stock exchange filings on Monday.
Bitcoin’s Rally Crushed Every Other Currency in 2016. Here’s Why
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major foreign-exchange trade, stock index and commodity contract. The electronic coin that trades and is regulated like oil and gold surged 79 percent since the start of 2016 to $778, its highest level since early 2014, data compiled by Bloomberg shows.