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At the upcoming Mobile World Congress event in Barcelona, collaboration and convergence will be priorities. MWC is a 'Digital World Congress' that will see more worldwide digital innovation from the UK and across the world." Attocore, recently awarded a grant for accelerating Radio Access Network (RAN) intelligence, sits alongside mobile giants Ericsson and Samsung in advancing the security of UK mobile networks. With 5G networks, an estimated £173 billion of incremental UK GDP will be added to the UK economy by 2030. MWC and scaling UK technologyMobile World Congress is also a great opportunity for big ideas to reach an even bigger audience.
We're buying 50 more shares of Caterpillar (CAT) at roughly $242.28 each and selling 100 shares of Qualcomm (QCOM) at roughly $130.46 each. Shares of machinery giant Caterpillar have underperformed over the past two days after Baird downgraded its rating Monday to neutral. QCOM 1Y mountain Qualcomm (QCOM) 1-year performance To fund this purchase, we are once again trimming our position in semiconductor company Qualcomm . (Jim Cramer's Charitable Trust is long CAT, QCOM. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Therma helps restaurants like McDonald's reduce food and energy waste via fridge management. A startup helping restaurants like McDonalds and Starbucks save money on food and energy waste has just raised $19 million in a Series A round. San Francisco-based Therma, which was founded in 2019, uses IoT devices to turn "dumb" fridges and freezers into smart devices where temperature management can be automated. The company's tech can also monitor for any issues that could lead to food waste, which could be as simple as someone leaving the door open for an extended period. Meanwhile food waste is responsible for 10%, per WWF.
In 2022, Huawei announced it signed more than 20 new or extended licensing agreements for its patents. But the sheer number of patents filed meant Huawei ranked fourth last year by the number of patent grants in the U.S., IFI said. For Huawei, licensing its patents to other companies has the potential to claw back a bit of that revenue. Huawei did not break down specific figures, and only said it met its intellectual property revenue expectations for 2021. "I don't think they had a choice in terms of sort of boosting their licensing revenue."
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by it's overweight rating on Apple shares heading into earnings on Feb. 2. Bernstein reiterates Apple as market perform Bernstein said it's "ambivalent" about Apple shares heading into earnings next month. Bernstein downgrades Advanced Micro to market perform from outperform Bernstein said it's concerned about a deteriorating PC market. Morgan Stanley upgrades Marathon Oil to overweight from neutral Morgan Stanley said Marathon Oil has "peer-leading FCF and shareholder returns." Morgan Stanley reiterates Ford as overweight Morgan Stanley said it sees opportunity for Ford to "to exercise its self-help muscle."
Having a clear alignment between your technical objectives and your company's culture is essential for success — in fact, organizations that take a human-centric approach to digital transformation are 2.6 times more likely to see success. 1Five common business blockers to cultural changeThere are several common stumbling blocks that may significantly impede your progress along the path to digital transformation. How can companies overcome these stumbling blocks to enable and encourage cultural change in support of digital transformation? The right technology can make all the difference in fostering the cultural shift necessary for successful digital transformation. Because, in the end, digital transformation is all about your people; a journey begun for your people and achieved by your people.
In the back half of 2023, analysts expect an acceleration in capex spending in both the U.S., "and potentially in China." Also supportive of AMD shares, the analysts believe that the PC inventory glut should bottom out in the current quarter. QCOM YTD mountain Qualcomm (QCOM) YTD peformance One key driver of end market improvement is headwinds in China turning to tailwinds in the second half of the year. We continue to hold that view and note again that much of the Barclays analysts' optimism is predicated on their second-half 2023 view. (Jim Cramer's Charitable Trust is long QCOM, AMD, NVDA, EMR, CAT.
But 2022, say experts, may have marked an inflection point due to the rapid proliferation of IoT (Internet of Things) devices. For the past decade, manufacturers, software companies and consumers have been rushing to the promise of Internet of Things devices. IoT devices are a key entry point for many attacks, according to Microsoft's Digital Defense Report 2022. "While the security of IT hardware and software has strengthened in recent years, the security of Internet of Things (IoT) … has not kept pace," according to the report. What many experts are anticipating is the day enterprising criminals or hackers affiliated with a nation-state figure out an easy-to-replicate scheme using IoT devices at scale.
Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.
But based on what Micron had to say, we're not expecting to see shares of Nvidia, AMD and Qualcomm take off yet. Micron's PC forecast is in line with those from Intel (INTC) and other third-party estimates, Wells Fargo said in a note to clients. Data center/cloud In general, data center chips have been relatively resilient compared with the weakness in consumer-focused areas like PCs and mobile phones. But as concerns mount about a potential recession, there's been concerns that data center could be the next shoe to drop. As mentioned, our investment thesis in Nvidia and AMD rests largely on the long-term growth of their data center businesses.
BlackBerry warns of economic impact on cybersecurity business
  + stars: | 2022-12-20 | by ( ) www.reuters.com   time to read: +2 min
Dec 20 (Reuters) - BlackBerry Ltd (BB.TO), said on Tuesday the sales cycles for its cybersecurity software have become longer and it expects the current macroeconomic environment to pose more challenges in the near term. The Canadian technology company said revenue from the cybersecurity business would remain flat in the first half of 2023, but grow in the latter half of the year. BlackBerry Chief Executive John Chen said the cybersecurity business was regaining momentum and there's evidence that investments will drive progress towards growth next year. U.S.-listed shares of the company fell marginally in extended trading. Revenue fell 8.2% to $169 million from $184 million.
Werner CIO Looks to Outfit Company Trucks With AI-Enabled Tech
  + stars: | 2022-12-15 | by ( Belle Lin | ) www.wsj.com   time to read: +4 min
Mr. Mahon was hired in 2020 to help the 66-year-old trucking and logistics company modernize its technology—much of it built on legacy systems. Nearly 50% of Werner’s systems, data and applications have already been moved to the cloud from its data centers, Mr. Mahon said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. While Werner is putting its costs “under the microscope heading into next year,” Mr. Mahon said technology is still an area of investment given its priority for company executives. “They understand that if we want to get to that stated goal of $5 billion in the next few years, and beyond that, we have to improve and increase our spend in technology,” Mr. Mahon said.
In this article ADIMCHPFANGVMW Follow your favorite stocks CREATE FREE ACCOUNTVMware at the NYSE, Dec. 14, 2021. Source: NYSEVMwareWhile software company VMware (VMW) reeled from lackluster quarterly results, Monness Crespi Hardt analyst Brian White maintained his positive conviction on the stock. Impressively, Hanold holds the 8th position among more than 8,000 analysts on TipRanks, and boasts a 70% success rate. Recently, Stifel analyst Tore Svanberg recently reiterated a buy rating on MCHP stock and even increased the price target to $80 from $77. (See Analog Devices Hedge Fund Trading Activity on TipRanks) The analyst sees Analog Devices outperforming its peers in the present challenging macroeconomic environment.
That's a 74% rise in one year, according to the latest Microsoft Digital Defense Report. But many people still rely on passwords, and don't even use the two-factor authentication now considered critical. "As long as passwords are still part of the equation, they're vulnerable," Joy Chik, Microsoft's vice president of identity, wrote in a September 2021 company blog post. Based on a sample of more than 39 million IoT and OT devices, about 20% used identical usernames and passwords, according to the Microsoft report. Even if a provider doesn't require it to be used, multi-factor authentication is a valuable security tool that's underutilized, according to security professionals.
How BlackBerry moved from iconic cellphones to cybersecurity
  + stars: | 2022-11-19 | by ( Liam Mays | ) www.cnbc.com   time to read: +2 min
The phones were well-known for having a tactile keyboard and for BlackBerry's advanced cybersecurity — often favored among businesses and governments. "Currently, BlackBerry has two main business units, a cybersecurity business unit and an IoT business unit within the cybersecurity business unit," said Charles Eagen, chief technology officer of BlackBerry. Its cybersecurity unit focuses on securing things such as smartphone applications and mobile banking websites. Its internet of things unit focuses on the communication of technology within connected and autonomous cars. However, BlackBerry does face competition in the cybersecurity industry, and in 2021 its revenue from cybersecurity was $500 million.
Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Total venture-capital funding for startups developing IoT technology specifically for retailers is on pace to drop 65.1% from 2021 to $188.2 million by the end of the year—one of the hardest hit subsectors in the IoT market, the firm said. Like most commercial software applications, connected devices in recent years have become an integral part of retailers’ day-to-day operations. He said the company would continue to invest in these and other tech tools that help customers, despite tougher economic conditions. IoT technology is critical for the food company, Mr. Basu said, because it also enables Goya to implement cybersecurity projects in its plants.
Tech companies that proactively reacted to consumer and enterprise demands came out ahead this year. 100 People Transforming Business is an annual list highlighting people across industries who are changing the way the world does business. The emerging technology leaders featured on Insider's annual "100 People Transforming Business" list have stepped up to do just that. Virtual-whiteboard platforms are seen as an essential workplace tool that some predict are set to stay a popular tool in business tech. Tech transparency becomes a talking point across platformsAt home, this year showed that tech consumers wanted more transparency.
By Matt Richardson, head of treasury product solutions, CitizensFueled by greater connectivity and faster transactions, the digital transformation of the payables and receivables landscape continues to reshape the outlook for treasury management. We've seen many companies embrace faster and easier payments systems. This is set to launch by 2023 and will extend access to real-time payments to more financial institutions and customers nationwide. The dominant force in this area will be cloud-based, intelligent payables and receivables platforms like Citizens' integrated payables solution powered by Paymode-X. Relatedly, payment messaging will be an essential area to keep track of as new digital payment options are becoming increasingly sophisticated and data-intensive.
By going carbon neutral, Bosch is making a significant contribution to the goal of limiting global warming to 1.5 degrees Celsius. A Bosch washing machine Courtesy of BoschSustainability without sacrificing performanceBosch is committed to energy-efficient operations by enabling even greater sustainability across its business. By moving its SAP solutions to IBM Power10 servers, Bosch is developing IoT solutions while slashing data center energy usage by 20% — taking its green strategy to the next level. The company's global SAP solutions are crucial to underpinning these efforts — and transitioning the SAP solution infrastructure to Power10 is an essential part of its long-term IT strategy. "From the moment we onboarded our first customer to the IBM Power E1080, we saw processing performance gains and improvements of roughly 50% in response times."
A startup building encryption software to secure business communications on Slack and Teams just raised $11 million. London-based startup Worldr has built an additional layer of "zero-trust" infrastructure offering security, privacy, and compliance for business communication apps. As the company scaled into new markets, it became a highly regulated business, Buchan told Insider. This means that despite using Slack or Teams for business communications, those companies can't access the customer's data. The company has built integrations for Microsoft Teams, Slack, and WhatsApp, and has Microsoft Outlook in the works.
Qualcomm (QCOM) CEO Cristiano Amon said Thursday the chipmaker is prioritizing cutting down costs, one day after announcing a hiring freeze. On the cost side, Amon said the company is proactively "reducing expenses in mature businesses, adding that the company is "prepared to do more if the situation [deteriorates]." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor first-quarter guidance. Here's how the company did:Earnings: $3.13 per share, adjusted, vs. $3.13 per share as expected by analysts, according to Refinitiv. $3.13 per share, adjusted, vs. $3.13 per share as expected by analysts, according to Refinitiv. Revenue: $11.39 billion, adjusted, vs. $11.37 billion as expected by analysts, according to Refinitiv. With respect to guidance, Qualcomm called for fiscal first-quarter adjusted earnings of $2.25 to $2.45 per share on $9.2 billion to $10 billion in revenue.
This represents a significant long-term opportunity for the company beyond handsets: Management estimates a total addressable market opportunity in automotive of $100 billion by 2030. There isn't a good reason to prioritize the allocation of capital to the semiconductor industry right now. Segment results Qualcomm reports results in two primary segments, Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL). Radio frequency front-end : $992 million, a decrease of 20%, versus $1.04 billion expected. Internet of things (IoT): Record revenues of $1.92 billion, up 24%, versus $1.83 billion expected, with growth driven by edge networking and industrial.
Healthcare cybersecurity startup MedCrypt just raised $25 million in Series B funding. Here's the pitch deck used to woo investors at Intuitive Ventures and Johnson & Johnson Innovation. Healthcare cybersecurity startup MedCrypt just raised a $25 million Series B, Insider has learned. Intuitive Ventures and Johnson & Johnson Innovation led the round, while Section 32, Erica Ventures, Anzu Partners, and Dolby Family Ventures also participated. Last year, competitors including New York-based healthcare cybersecurity startup Cylera raised a $10 million Series A, while Israeli IOT cybersecurity startup Cynerio raised $30 million in Series B funding.
For the fourth quarter, Check Point projected revenue of $608-$658 million, up from $599.1 million a year earlier and against analysts' expectations for $630.8 million. While Check Point forecasts a strong end to 2022, chief executive Gil Shwed said it was difficult to estimate next year's outlook. For all of 2022, Check Point expects revenue of $2.299-$2.349 billion, compared to a prior estimate of $2.2-$2.375 billion. Over the past quarter, cyber attacks increased by 28%, underscoring the critical need for cyber security, Shwed said. Check Point has moved to a prevention-first security system that includes securing corporate networks, the cloud and employees who work remotely.
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