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BOULDER, Colo., Sept. 17, 2019 /PRNewswire/ -- Ball Aerospace and Microsoft were selected to demonstrate agile cloud processing capabilities in support of the U.S. Air Force's Space and Missile Systems Center's Commercially Augmented Space Inter Networked Operations (CASINO) project. The demonstration will show how simultaneous, worldwide data streams from large, distributed constellations of small satellites can be processed quickly using Microsoft's Azure cloud and Ball Aerospace algorithms. Additionally, the demonstration will include a single downlink directly into a Microsoft data center using a Ball Aerospace phased array antenna.
After watching Apple (NASDAQ:AAPL) get a bump in its stock price following its annual hardware event, Amazon (NASDAQ:AMZN) stock is aiming for the same result.Source: Jonathan Weiss / Shutterstock.com Both companies are chasing Microsoft (NASDAQ:MSFT) in the race to be the richest of the "Cloud Czars." Apple's market cap is over $992 billion while Amazon's market cap is at $891.6 billion. Microsoft stock is king of the hill at just over $1 trillion.Amazon shares hit an all-time high over $2,000 in July but have since traded as low as $1,750. AMZN stock opened Sept. 16 at $1,824.02. Government antitrust efforts concerning its Marketplace have hurt the stock. But operating cash flow, which Amazon calls its key metric, has yet to slow. It came in during the June quarter at over $9 billion, up from $7.5 billion a year ago.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What's in StoreLater this month, on Sept. 25, Amazon will host its second annual product-focused press event. Several outlets predict that once again, this event will focus on its Alexa voice interface. The Alexa interface is becoming as important to Amazon as the iPhone is to Apple, because its services tie people into Amazon's cloud and e-commerce store.The most anticipated improvement is better sound quality, which could lead customers to upgrade their devices. The interface could also feature connectivity to more Amazon products, expanding its reach throughout consumers' homes. * 7 Tech Stocks You Should Avoid Now Amazon has been seeking hardware partners for Alexa in companies like Anker, Toshiba (OTCMKTS:TOSBF), JVC Kenwood (OTCMKTS:JVCZY) and Grundig. The result should be more support for Fire TV, which is competing for market supremacy with Roku (NASDAQ:ROKU).One product that would be a surprise is an Amazon phone. The company's Fire Phone, launched in 2014, was a debacle. Amazon has since taken to selling phones from Lenovo (OTCMKTS:LNVGY) at a discounted price, loaded with Amazon shopping services and advertising.Another possibility could be improved Kindle e-book readers. Amazon has a virtual monopoly on both e-books and readers. The latest versions are distinguished from the Fire tablet, which also supports Kindle books, by their front-lit, high-resolution displays. Amazon Stock Needs Some CatalystsAmazon needs some new earnings catalysts as it faces a chorus of political push back.While Amazon remains just over half the size of Walmart (NYSE:WMT), the retail giant is successfully portraying itself before regulators as a poor underdog, even while it copies Amazon features like its marketplace and one-day delivery.This is getting results. In addition to a federal investigation of its marketplace, politicians are now questioning Amazon's treatment of delivery drivers. Many are classified as independent contractors, like Uber (NYSE:UBER) drivers. Others are employed by third-party contractors, meaning Amazon takes no responsibility for their treatment.Amazon is expanding employment in Boston, Chicago, Dallas and Nashville, as well as at its Seattle headquarters and "HQ2" operation near Washington DC. The company has spread its technology development to 18 different cities. The Bottom Line on AMZN StockAmazon's explosive growth has it competing with companies across the media, marketing, technology and retail landscapes, from FedEx (NYSE:FDX) to Walmart, and from Apple to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).It's not just competing in the marketplace with these companies. Increasingly it's competing in Washington, and in other nation's capitals, as companies threatened by its growth seek government protection.For investors, it means they can now get Amazon for just 75 times last year's earnings, and less than three times its expected 2019 revenue of $331 billion. Given that it's still growing at rate of 30% per year, and that profits are no longer a rounding error, that's looking cheaper by the day.As has been said about Apple, Amazon is a stock you hold for the long run. Ignore the noise.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AAPL and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Amazon Stock Channels Apple's Magic Through Sept. 25 Event appeared first on InvestorPlace.
- Q2 2019 share repurchases were $164.5 billion - 20.1% lower than Q1 2019, 13.7% lower than Q2 2018, and 26.2% lower than the record Q4 2018. - Apple continues to lead, spending $18.2 billion - down from ...
Slack Technologies Inc (NYSE: WORK ) boasts a best-in-class product, but the competitive environment will likely limit Slack's pricing power and expansion opportunities, according to Mizuho. The Analyst ...
REDMOND, Wash., and BURBANK, Calif., Sept. 13, 2019 /PRNewswire/ -- Microsoft Corp. and The Walt Disney Studios today announced a five-year innovation partnership to pilot new ways to create, produce and distribute content on the Microsoft Azure cloud platform.
Former Homeland Security Secretary Tom Ridge called on Trump not to use Chinese telecommunications giant Huawei as leverage in broader trade negotiations with China, saying national security should be a “non-negotiable item.”
As the longest serving executive at Microsoft, Former General Counsel Brad Smith knows a thing or two about the scrutiny that comes with being a global tech company.
With a possible recession looming, many Americans are wondering if their jobs are secure. New Data from PayScale shows which jobs might be recession-proof.
Microsoft Corporation (NASDAQ: MSFT) is down 2.8% this week as tech stocks sold off for the second straight day on Tuesday. On Tuesday morning, Benzinga Pro subscribers received 14 option alerts related to unusually large Microsoft trades. At 10:27 a.m., a trader sold 1,882 Microsoft put options with a $135 strike price expiring on Sept. 20 near the bid price at $2.042.
(Bloomberg) -- The late Microsoft Corp. co-founder Paul Allen’s 414-foot super yacht “Octopus” is on the market.At 295 million euros ($326 million), the 414-foot vessel where the billionaire partied with U2 and Mick Jagger, and sailed to destinations from Venice to Shanghai, is listed at brokerages Fraser and Burgess.Allen, who died in October at 65, co-founded Microsoft with Bill Gates in 1975 and left in 1983. He turned his stake into a $26 billion fortune over the next three decades, according to the Bloomberg Billionaires Index. Through his family office Vulcan Inc., Allen acquired sports teams, real estate, art and invested in startups. Allen had no spouse or children to inherit his empire, though his sister, Jody Allen, is Vulcan’s chair.He had a deep affinity for the German-built super yacht. When it was first delivered in 2003, Allen was overwhelmed by its size -- a third longer than a football field, according to his 2011 memoir “Idea Man.” At the time, it was the fourth-largest in the world, with the top three built for heads of state, he said.‘A Spaceship’“When I first stood on the bridge, I felt as though I was on a spaceship,” he wrote, adding that with features including a pool, basketball court, movie theater, a recording studio with ocean views, “all my passions come together in one moveable feast.”The vehicle, currently anchored off Antibes, France, was far more than just a pleasure craft. Capable of scientific research voyages, Octopus was designed to venture into remote places.The super yacht has gone through an eight-month refit, according to Fraser. There’s space for 26 guests in 13 cabins, and room for 63 crew members. It has two elevators, an eight-person submarine, two helipads and garage space for helicopters and an SUV, according to Burgess.Fugitive FinancierOne of the most prominent sales this year was the yacht formerly known as Equanimity, which was seized by Malaysia’s government from fugitive financier Low Taek Jho, a central figure in the 1MDB scandal. It was bought by local gaming giant Genting Malaysia Bhd., which paid $126 million. It’s since been renamed Tranquility and was rented last month by Kylie Jenner for her 22nd birthday.Other than Octopus, Allen’s estate also owns the National Football League’s Seattle Seahawks and the National Basketball Association’s Portland Trail Blazers. The teams are worth more than $3 billion combined, according to the Bloomberg Billionaires Index.At least half his assets were probably earmarked for charitable purposes after he joined the Giving Pledge, and an estate tax bill will apply on much of what remains as they’re liquidated.Anyone buying Octopus is also getting a piece of popular cultural history. Jagger and Dave Stewart recorded tracks on the yacht, and U2’s preview for an album was so loud it burned out the speakers. Allen also has taken it for adventures that included what he described as his most memorable dive onto the deck a sunken aircraft carrier, as well as exploring an ancient Roman wreck in the Tyrrhenian sea.“It’s less a Bentley than a Range Rover,” Allen said in the memoir, adding that “Octopus has realized every mission I had in mind for her.”To contact the reporter on this story: Hailey Waller in New York at email@example.comTo contact the editors responsible for this story: James Ludden at firstname.lastname@example.org, Linus Chua, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tech-savvy “bad actors” are getting more creative when it comes to how they prey on internet users -- and its costing billions.
Telenav, Inc. (NASDAQ: TNAV) has responded to an announcement made by General Motors (NYSE: GM), stating it has a strong relationship with the auto company, with a contract effective through model year 2025. Telenav experienced a strong sell-off after General Motors announced a deal Thursday for the carmaker to feature Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) Google apps built directly into its vehicles’ touch-screen displays. Some investors have viewed this as a direct threat to Telenav, which offers GPS navigation, search, infotainment and mobile advertising on its platforms, according to MarketWatch.
Moody's Investors Service has assigned a Aaa underlying rating to Bellevue School District 405 (King County), Washington's $89.4 million Unlimited Tax General Obligation Bonds, 2019. Concurrently, we assigned the Aaa enhanced rating of the Washington State School Bond Guarantee Program (Aaa stable) to the 2019 bonds.