|Bid||3,098.00 x 0|
|Ask||3,102.00 x 0|
|Day's Range||3,078.00 - 3,116.00|
|52 Week Range||2,257.50 - 3,155.00|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||17.17|
|Earnings Date||Apr 24, 2020 - Apr 28, 2020|
|Forward Dividend & Yield||120.00 (3.86%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||2,835.90|
Feb 11 (Reuters) - Cisco Systems Inc on Tuesday became the latest heavyweight technology company to pull out of the Mobile World Congress (MWC) in Barcelona due to the coronavirus outbreak.
Handshakes have been banned, vast quantities of sanitising gel have been bought, and all passports will be vetted to see if attendees have visited China in the past fortnight. Or at least those are the rules if Mobile World Congress, the world’s largest smartphone trade fair, goes ahead in Barcelona at the end of February. Under the shadow of the coronavirus, Sony, NTT DoCoMo, Amazon, Amdocs and CommScope became the latest companies to cancel their plans to attend on Monday, joining LG, Ericsson and Nvidia in pulling out of the show.
Japanese wireless carrier NTT Docomo, Sony Corp and California-based chip giant Intel Corp pulled out of the Mobile World Congress (MWC) in Barcelona on Monday because of the coronavirus outbreak. Amazon, South Korea's LG Electronics, Swedish equipment maker Ericsson and U.S. chipmaker Nvidia have already withdrawn from MWC, which had more than 100,000 visitors and upwards of 2,400 exhibitors in 2019. MWC, due to take place on Feb 24-27, is the telecom industry's biggest annual gathering, with companies spending millions on stands and hospitality to fill their order books.
Japanese shares rose on Wednesday as a Wall Street rally and weaker yen boosted investor sentiment, although worries over the fast-spreading coronavirus outbreak capped gains. All but one of the 33 sector subindexes on the Tokyo Stock Exchange were in positive territory, led by fish and forest , insurance and mining. On Wall Street, the Nasdaq jumped 2.1% to a record on Tuesday, while the S&P 500 and the Dow advanced 1.7% each as investors took heart from China's efforts to minimise the economic impact from the coronavirus epidemic.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of NTT DOCOMO, INC. Tokyo, January 28, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of NTT DOCOMO, INC. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Otter.ai, an AI-powered transcription app and note-takers' best friend, has received a strategic investment from Japan's leading mobile operator and new Otter partner, NTT DOCOMO Inc. The two companies are teaming up to support Otter's expansion into the Japanese market, where DOCOMO will be integrating Otter with its own AI-based translation service subsidiary, Mirai Translation, in order to provide accurate English transcripts, which are then translated into Japanese. The investment was made by DOCOMO's wholly owned subsidiary, NTT DOCOMO Ventures, Inc., but the size was undisclosed. To date, Otter has raised $23 million in funding from NTT DOCOMO Ventures, Fusion Fund, GGV Capital, Draper Dragon Fund, Duke University Innovation Fund, Harris Barton Asset Management, Slow Ventures, Horizons Ventures and others.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Teleguam Holdings LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service (Moody's) affirmed TeleGuam Holdings, LLC's (TeleGuam) B2 corporate family rating (CFR), downgraded the probability of default rating (PDR) to B3-PD from B2-PD and downgraded the first lien senior secured rating to B2 from B1. Moody's also assigned a B2 rating to the company's proposed $155 million incremental first lien term loan.
NTT Docomo will resume taking orders of Huawei P30 Pro smartphones from Wednesday, the largest Japanese telco said on its website. Docomo will join the list of other major Japanese carriers - KDDI Corp and SoftBank Corp - and resume sales of new smartphones from China's Huawei Technologies. The Japanese company had discontinued taking orders of new Huawei handsets in May after Washington blacklisted the Chinese manufacturer, alleging that Huawei is involved in activities contrary to U.S. national security or foreign policy interests.
Moody's Japan K.K. has affirmed the Aa3 long-term ratings and P-1 short-term rating of NTT DOCOMO, INC. "NTT DOCOMO's ratings reflect its considerably strong credit profile, supported by the company's very strong balance sheet and cash flow to debt," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer. The company's very strong fundamental credit profile supports its ratings staying one notch above Japan's A1 sovereign rating, in view of the criteria clarified under Moody's updated cross-sector methodology titled Assessing the Impact of Sovereign Credit Quality on Other Ratings.
"The downgrade takes into account NTT's fundamental credit profile and the positioning of the company's ratings relative to Japan's A1 sovereign rating," says Motoki Yanase, a Moody's Vice President and Senior Credit Officer. With the introduction of lower rate plans by its mobile telecommunications subsidiary, NTT DOCOMO, INC. (Aa3 stable ), Moody's expects NTT's operating margin will fall by about 1% to 13% for the fiscal year ending March 2020 (fiscal 2019). Moody's expects that NTT will be able to mitigate a large part of this margin decline over the next few years, as NTT DOCOMO's customers migrate to more expensive plans and the two companies undertake costs cutting efforts.
Japanese telco SoftBank Corp's low-cost mobile brand Ymobile said on Wednesday it would delay the launch of Huawei P30 Lite smartphone, following the imposition of trade restrictions on the Chinese manufacturer by Washington. The smartphone from Huawei Technologies was due to go on sale on Friday but a SoftBank spokesman said the telco wanted to be confident it could sell the product in light of the U.S. restrictions. The U.S. Commerce Department blocked Huawei from buying U.S. goods last week, a major escalation in the trade war between the world's two top economies, saying the firm was involved in activities contrary to national security.
If Magic Leap fails, the skeptics will at least have to admire the AR startup's keen ability to raise vast amounts of capital. The company announced today that it has locked down another $280 million in a deal with Japan's largest mobile operator, Docomo. "DOCOMO aims to co-create advanced MR services and expand the XR market by leveraging open innovation and combining innovative technologies such as Spatial Computing provided by Magic Leap with DOCOMO's assets including our 5G network and 70 million membership base," Docomo CEO Kazuhiro Yoshizawa said in a press release.
TEL AVIV (Reuters) - Israel's VDOO Connected Trust Ltd, which provides security automation for embedded devices, said on Wednesday it raised $32 million in a funding round led by venture capital firms ...