tech
BusinessReutersU.S. may file antitrust charges against Facebook as soon as November: newspaper
The Federal Trade Commission met privately on Thursday to discuss a probe while state attorneys general under the leadership of New York's Letitia James have been scrutinizing the company for potential threats to competition, the newspaper reported. The timeline could still change, the newspaper said, adding that state attorneys general are in the late stages of preparing their complaint. Facebook, the FTC and the office of the New York Attorney General were not immediately available for comment late on Friday.
TechnologyMalay MailSeven days with the iPad: Is it good enough?
KUALA LUMPUR, Oct 24 — “Is it good enough?” That, in the end, is the question a tech reviewer must try to answer and it was one that needed addressing when the latest iPad arrived on my...
BusinessZacksAdobe Systems (ADBE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Adobe Systems (ADBE) closed at $488.50, marking a +1.01% move from the previous day.
PoliticsReutersFacebook, Twitter CEOs to testify post-election: U.S. Senate panel
The U.S. Senate Judiciary Committee said on Friday the chief executives of Twitter Inc and Facebook Inc will testify before the panel on Nov. 17 over their decision to block stories that made claims about Democratic presidential candidate Joe Biden's son. The Judiciary committee voted on Thursday to subpoena the two CEOs. The companies have come under heavy criticism from conservatives over their decision to flag two New York Post stories as spreading disinformation.
NewsReutersU.S. judge denies new government bid to remove China's WeChat from U.S. app stores
U.S. Magistrate Judge Laurel Beeler said the government's new evidence did not change her opinion about the Tencent app. As it has with Chinese video app TikTok, the Justice Department has argued WeChat threatens national security.
BusinessZacksBuy Microsoft (MSFT) Stock Ahead of Earnings?
Is it time to buy MSFT stock with the company set to release its Q1 fiscal 2021 financial results on Tuesday, October 27?
BusinessReutersA French alternative to Palantir would take two years to make, Thales CEO says
An alternative to tools provided by U.S. data analytics company Palantir to prevent terrorists attacks would likely take about two years to develop in France, the boss of defence company Thales said on Friday. California-based Palantir, which specializes in crunching and analysing large quantities of data, was hired by French intelligence services in the wake of the November 2015 militant attacks that killed 130 people in Paris. The initial three-year contract with Palantir, whose clients range from the CIA to global banks, was renewed last year.
NewsReutersItaly vetoes 5G deal between Fastweb and China's Huawei: sources
Italy has prevented telecoms group Fastweb from signing a deal for Huawei [HWT.UL] to supply equipment for its 5G core network, three sources close to the matter said, the clearest sign yet Rome is adopting a tougher stance against the Chinese group. The decision, made at a cabinet meeting late on Thursday, marks the first time Italy has vetoed a supply deal over 5G core networks with Huawei. Visiting Italy in September, U.S. Secretary of State Mike Pompeo described Chinese mobile telecoms technology as a threat to Italy's national security.
TechnologyVarietyIndustry Execs Discuss Innovating Technological Landscape With Remote Production
Prominent media technologists discussed how the pandemic has altered their content flow as distribution platforms for digital entertainment see increased viewership. Presented by Western Digital, Variety hosted the Innovators in Media Technology Management, a panel with leading executives as part of the Variety Streaming Room series. The conversation, moderated by Variety’s New York digital editor […]
BusinessZacksSeagate's (STX) Q1 Earnings Beat Estimates, Revenues Miss
Seagate's (STX) fiscal first-quarter 2021 performance was marred by continued weakness in enterprise market, which offset recovery in video and image application market and sale of consumer drives.
BusinessZacksAre Investors Undervaluing Computer Task Group (CTG) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BusinessZacksCTG or INFY: Which Is the Better Value Stock Right Now?
CTG vs. INFY: Which Stock Is the Better Value Option?
BusinessZacksIs Logitech International (LOGI) Stock Outpacing Its Computer and Technology Peers This Year?
Is (LOGI) Outperforming Other Computer and Technology Stocks This Year?
BusinessZacksIs PerkinElmer (PKI) Outperforming Other Computer and Technology Stocks This Year?
Is (PKI) Outperforming Other Computer and Technology Stocks This Year?
BusinessZacksHas Cadence Design Systems (CDNS) Outpaced Other Computer and Technology Stocks This Year?
Is (CDNS) Outperforming Other Computer and Technology Stocks This Year?
BusinessZacksIs Zoom Video Communications (ZM) Outperforming Other Computer and Technology Stocks This Year?
Is (ZM) Outperforming Other Computer and Technology Stocks This Year?
NewsReutersExclusive: National Guard called in to thwart cyberattack in Louisiana weeks before election
The situation in Louisiana follows a similar case in Washington state, according to a cybersecurity consultant familiar with the matter, where hackers infected some government offices with a type of malware known for deploying ransomware, which locks up systems and demands payment to regain access. Senior U.S. security officials have warned https://www.reuters.com/article/us-usa-cyber-election-exclusive/exclusive-u-s-officials-fear-ransomware-attack-against-2020-election-idUSKCN1VG222 since at least 2019 that ransomware poses a risk to the U.S. election, namely that an attack against certain state government offices around the election could disrupt systems needed to administer aspects of the vote.
ScienceAFP Relax'Mask' vs 'muzzle': Democrats and Republicans don't speak the same language
It's no news that the American political landscape is polarized. Researchers at Carnegie Mellon University have recently discovered that this polarization also affects the way Americans speak, with Republicans and Democrats using different lexicons to talk about current social issues.
BusinessReutersAmazon refuses to appear before India panel on data privacy: lawmaker
Representatives of Amazon.com Inc <AMZN.O> in India have refused to appear before a parliamentary panel reviewing the country's privacy bill, an Indian lawmaker said on Friday, an allegation the U.S. commerce giant said was a result of a misunderstanding. Meenakshi Lekhi, head of a parliamentary panel which is reviewing the Indian government's Personal Data Protection Bill, had said the officials' refusal to appear before it on Oct. 28 could lead to "coercive action" against the company. "Amazon is doing huge business in India ... If it doesn't appear before the committee, coercive action may be initiated against it," said Lekhi, without explaining what the action could be.
BusinessZacksEricsson (ERIC) to Modernize Telia's Networks for 5G Era
Ericsson's (ERIC) industry-leading portfolio will modernize Telia's 4G networks in Sweden and Estonia to provide 5G services across a network of 10,000 cellular sites.
BusinessZacksCalix (CALX) Rides on Evolving Tech Innovations, Tie-Ups
Backed by emerging technological innovations and business resiliency, Calix (CALX) is likely to be a promising investment option in 2020.
BusinessZacksArista Boosts Threat Detection With Awake Security Buyout
The buyout is likely to add significant value to Arista (ANET) and complement many of its Endpoint Detection Response offerings.
BusinessReutersAnt's record strategic allocation in Shanghai IPO fuels small investor scramble
Chinese fintech giant Ant Group's move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has led to a scramble among smaller investors for what some see as a once-in-a-lifetime opportunity. Ant [IPO-ANTG.HK], backed by e-commerce firm Alibaba Group <BABA.N>, has launched a dual-listing process in Hong Kong and on Shanghai's STAR Market, and the offering is set to be the world's largest. Shanghai-based Regan Fund Management Co, for one, is helping mainland investors subscribe to Ant's IPO in Hong Kong, the firm's Shanghai-based general manager Richard Li said.
BusinessSouth China Morning PostJio’s smartphone push not as big a threat as geopolitics to Chinese brands in India, say analysts
Indian tech giants are gearing up to take lost ground in a smartphone market dominated by Chinese vendors but analysts do not believe they will dethrone the likes of Xiaomi any time soon, with geopolitics remaining the more imminent threat for Chinese brands.Jio Platforms, the Indian wireless operator and handset maker, is working with US chip maker Qualcomm to develop 5G solutions and accelerate network roll-out in the country, according to a joint statement by the two companies.Jio’s 5G plans will not have a big impact on Chinese smartphone vendors in the country, according to Zaker Li, senior mobile analyst at Omdia. “Geopolitical tensions between India and China will have a bigger impact on the performance of Chinese smartphones brands in India,” he said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.In the first two quarters of the year Chinese smartphone brands saw their market share in India fall from 81 per cent to 72 per cent, according to Hong Kong-based research firm Counterpoint, which attributed the decline in part to anti-China sentiment.In July Jio said it was teaming up with Google to make an affordable smartphone running custom versions of the Android operating system. Bloomberg reported last month that Jio had stepped up production to make 150 to 200 million smartphones over the next two years. Jio did not immediately respond to a request for comment. Google wants to convince millions of Indians to buy their first smartphoneIn comparison, Apple shipped 198 million iPhones worldwide last year and Chinese smartphone maker Huawei sold 240 million, according to data from Canalys.Indian handset makers are gearing up to retake the Indian market amid a backlash against Chinese technology and government bans on more than a hundred Chinese apps after a deadly border clash between Chinese and Indian troops.Jio also plans to launch a 5G smartphone for less than US$70, with the price eventually going down to US$40, according to a report by The Times of India. Jio’s plans are “ambitious” and the cheaper smartphones are likely targeted at potential feature phone upgraders, said Kiranjeet Kaur, senior research manager at IDC Singapore.In India, 5G phones still operate on the 4G network, but even then some analysts doubt the handsets can go that low. “It is a bit ambitious to target a US$40 5G smartphone as that would hardly cover the component cost and require large subsidies,” said Kaur.“Many local players offered smartphones in this lower price range, but when the Chinese players offered much better specs, albeit at higher prices, consumer demand quickly migrated to higher-price, better-spec smartphones,” said Kaur, adding that Jio’s success in smartphones will depend on subsidies and bundling options. ‘New arms race’: border roads put India and China on route to conflictJio dominated the feature phone market in India last year but discontinued its own-brand smartphone in 2018.Micromax, another local brand which once led the market, last week announced plans to launch a new smartphone brand called “In”. The company will invest US$67.9 million in the new brand to compete with Chinese smartphone makers, according to Rahul Sharma, founder of Micromax.However, Chinese vendors like Xiaomi are regaining ground as India’s smartphone market reached an all-time high of 50 million shipments in the third quarter, according to Canalys.Chinese brands currently dominate, accounting for four of the top five vendors, or 76 per cent of total Indian shipments in the third quarter, up from 74 per cent a year ago, according to a report released by Canalys on Thursday.Xiaomi remained the market leader with third quarter shipments growing 8 per cent to 13.1 million units. Vivo, Realme and Oppo trailed behind No 2 Samsung, the only non-Chinese brand in the top five.“The tensions have caused Chinese smartphone brands to act more conservatively in recent months, reducing their marketing spend,” said Canalys analyst Varun Kannan, noting that the pull back has had no significant impact on consumer purchasing decisions so far.The popularity of Chinese brands in categories like the low end, where handsets are priced from US$100 to US$200, has helped them maintain their market position, said IDC’s Kaur.“There is limited choice in those price segments and as long as competitor offerings are not comparable, the patriotic sentiment may just take a back seat,” she said.More from South China Morning Post: * KKR to invest US$1.5 billion in Reliance Industries' Jio Platforms, its biggest deal in Asia * Reliance launches JioMart online grocery service in challenge to Amazon and Walmart in Indian marketThis article Jio’s smartphone push not as big a threat as geopolitics to Chinese brands in India, say analysts first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2020.
