Technology News

'What the Hock?'; Broadcom shares sink on shock software deal

(Reuters) - Broadcom Inc’s (AVGO.O) surprise bid to buy software company CA Inc (CA.O) knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, i...

12 Jul 1:05 PM 0 Read More...

Eutelsat joins rivals in plan to free up U.S. spectrum for 5G

(Reuters) - France’s Eutelsat is joining satellite operator rivals Intelsat and SES in a proposal to free up spectrum for the rollout of 5G mobile networks in the United States, which the companies hope will boost their profits. FILE PHOTO: Rodolphe Belmer, CEO of Eutelsat, speaks during an address to attendees at Access Intelligence's SATELLITE 2017 conference about the future plans of Blue Origin in Washington, U...

12 Jul 1:00 PM 0 Read More...

Eutelsat, Intelsat and SES team up on U.S. C-band proposal

(Reuters) - France’s Eutelsat will join satellite operator rivals Intelsat and SES in a proposal to allow mobile operators to quickly access part of the C-band spectrum in the United States, the companies said on Thursday. The proposed consortium would be open to all satellite operators delivering services in the C-band in the mainland United States, and would deal with transactions with companies wishing to use sp...

12 Jul 11:12 AM 0 Read More...

SoftBank's cheap valuation draws $1 billion bet from U.S. fund Tiger Global

TOKYO/SINGAPORE (Reuters) - U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai/File PhotoThe bump added nearly ...

12 Jul 11:11 AM 0 Read More...

Israel's Elbit speeds up race to fly military drones in civil airspace

REHOVOT, Israel (Reuters) - Israeli defense firm Elbit Systems on Thursday unveiled a 1.6 ton unmanned aircraft vehicle (UAV) designed to fly in airspace currently reserved for piloted civilian planes as a race heats up to deploy military drones outside combat zones. Employees check an Elbit Systems Ltd. Hermes 900 unmanned aerial vehicle (UAV) at the company's drone factory in Rehovot, Israel, June 28, 2018. Picture...

12 Jul 6:09 AM 0 Read More...

Tiger Global takes $1 billion stake in SoftBank, calling it undervalued: source

TOKYO (Reuters) - U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm to be undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai/File PhotoTiger, which manages aroun...

12 Jul 3:12 AM 0 Read More...

Chipmaker Broadcom inks $19 billion deal to buy software company CA

(Reuters) - Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors’ confidence in its Chief Executive Hock Tan’s dealmaking credentials. FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California May 12, 2016. REUTERS/Mike Blake/File PhotoThe CA d...

12 Jul 2:32 AM 0 Read More...

Walmex's new e-commerce VP eyes groceries to propel online business

MEXICO CITY (Reuters) - Wal Mart de Mexico’s (WALMEX.MX) new e-commerce head plans to play to its strengths in grocery deliveries to help the country’s largest retailer stand apart from rivals, like Amazon.com Inc and his former employer MercadoLibre Inc, he said in an interview Wednesday. FILE PHOTO: Ignacio Caride, Director-General of Mercadolibre, speaks during an interview with Reuters in Mexico City, Mexico...

12 Jul 2:16 AM 0 Read More...

ZTE shares soar after clearing last hurdle to lifting of U.S. ban

HONG KONG (Reuters) - Hong Kong shares of ZTE Corp (0763.HK) surged nearly 24 percent on Thursday after China’s No. 2 telecommunications equipment maker cleared the last hurdle to lifting a U.S. ban on component supplies. FILE PHOTO: Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez/File PhotoZTE...

12 Jul 1:58 AM 0 Read More...

Chipmaker Broadcom plans $19 billion deal to buy software company CA

(Reuters) - Broadcom Inc plans to acquire U.S. business software company CA Inc in a $19 billion deal aimed at diversifying Broadcom beyond semiconductors, but Wall Street analysts were immediately skeptical. FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California, U.S., November 6, 2017. ...

12 Jul 12:40 AM 0 Read More...