|Bid||149.61 x 1200|
|Ask||149.67 x 800|
|Day's Range||148.27 - 149.79|
|52 Week Range||93.96 - 149.79|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||28.24|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||2.04 (1.38%)|
|1y Target Est||160.16|
Amazon is protesting the Pentagon's decision to award Microsoft a $10 billion DoD contract.
Amazon.com Inc. plans to protest the award last month of a 10-year, $10 billion Pentagon cloud-computing contract to Microsoft Corp. that many assumed would go to Amazon.
Amazon.com Inc said on Thursday it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp, expressing concern that politics got in the way of a fair contracting process. Last month, Microsoft beat favorite Amazon for the contract, called the Joint Enterprise Defense Infrastructure Cloud, or JEDI, which is part of a broad modernization of the Pentagon's information technology systems.
On Thursday, Amazon (ticker: AMZN) said it submitted a notice on Nov. 8 to the Court of Federal Claims indicating it plans to file a protest at the Court of Federal Claims. Last month, the Defense Department said Microsoft was awarded a cloud-computing contract worth up to $10 billion over 10 years if all options are exercised. The contract is called JEDI, short for Joint Enterprise Defense Infrastructure.
NVIDIA's (NVDA) third-quarter fiscal 2020 results reflect weakness in Data Center, Gaming and Automotive end markets. However, Hyperscale demand improvement is a positive.
Financial markets are overvalued, according to an Oxford Economics forecast, so don’t expect much in the way of gains for stocks even if a recession is avoided.
Despite trade-related conflict with China, the technology sector has performed exceptionally well in 2019 so far, surpassing the broader market return.
as former Goldman Sachs chief executive Lloyd Blankfein took aim at the Democratic presidential candidate. last year, was reacting to his appearance in a Warren campaign video released on Wednesday calling for a US wealth tax. The tweet from Mr Blankfein, who says on his Twitter profile he is on a “gap year”, was seen as a reference to the controversy over Ms Warren’s past claims of Native American ancestry, which have included President Donald Trump referring to her as “Pocahontas”.
(Bloomberg) -- Chinese social media goliath Tencent Holdings said on Friday it’d entered into an agreement to buy almost 10% of Sumo Group Plc, causing the latter’s shares to surge the most since its listing less than two years ago.It was another sign for Sumo’s home city of Sheffield, in the north of England, that software could help replace steel. Sheffield once had the moniker Steel City when the U.K. was making nearly half of the world’s supply of the metal. But now China accounts for half, and Britain almost none.Sumo’s current headquarters are nestled on a riverbank between a 250 year-old steel foundry, Sheffield Forgemasters, and the Meadowhall shopping mall, where locals earlier this month sheltered overnight after flooding devastated the region.The company is not the first software or technology company to come out of the the city. PlusNet, once a popular and publicly-traded internet service provider, was founded in Sheffield and was acquired by BT Group Plc in 2007 where it still operates alongside BT brands such as EE.Sheffield is home to AIM-listed WANdisco Plc. Originally founded in Silicon Valley in 2005, it shifted its headquarters to Sheffield in 2009. The Angel CoFund, a government-backed venture capital fund, is also based in the city.It’s not the first time Tencent has invested in a U.K. gaming either, having taken a minority stake in Frontier Developments in 2017.Sumo, founded in 2003, is best known for its work on games such as Microsoft Corp.’s Forza Horizon racing series, Warner Bros.’ Hitman 2, and developing LittleBigPlanet 3 for Sony Corp.’s PlayStation consoles and Sonic & All-Stars Racing Transformed. According to a statement Friday, the company has 10 studios in three countries. Its website states that it employs more than 600 people.“What does Tencent see in Sumo? We guess good content,” said Ken Rumph, an analyst at Jefferies, in a research note. “We think Tencent is supporting the strong development talents of the studio that may be able to deliver high quality contents appealing to Western gamers.”Sumo shares rose as much as 21% in trading in London Friday, reaching 186 pence.To contact the reporter on this story: Nate Lanxon in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Kasper ViitaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon’s competitive bid for the “war cloud” project drew criticism from President Donald Trump and its business rivals. The project, formally called the Joint Enterprise Defense Infrastructure, or JEDI, pitted leading tech titans Microsoft, Amazon, Oracle and IBM against one another
U.S. Defense Secretary Mark Esper on Friday rejected any suggestion of bias in a Pentagon decision to award Microsoft Corp an up to $10 billion cloud computing contract, after Amazon.com Inc announced plans to challenge it. "I am confident it was conducted freely and fairly, without any type of outside influence," Esper told a news conference in Seoul, even as he noted that he had recused himself from the cloud competition. Amazon says that politics got in the way of a fair contracting process.
U.S. stock futures rise after White House economic adviser Larry Kudlow says the U.S. and China are 'getting close' to reaching a phase one trade agreement; Nvidia issues a weak revenue forecast for the fourth quarter; Amazon challenges the Pentagon's awarding of a $10 billion cloud contract to Microsoft.
Amazon will appeal the Trump administration’s decision to grant a $10bn defence contract to its rival Microsoft, accusing the US government of having shown “unmistakable bias” in its procurement process. The company said on Thursday it was lodging a legal case against the decision, following accusations that Donald Trump manipulated the process to harm Jeff Bezos, Amazon’s founder.
Amazon Web Services plans to file a contract protest of last month’s award of the $10 billion Joint Enterprise Defense Infrastructure (JEDI) contract to Microsoft Corp.
Amazon.com, Inc. (NASDAQ: AMZN) is planning to protest a $10 billion cloud computing contract, known as JEDI, which the Department of Defense awarded to Microsoft Corp (NASDAQ: MSFT) in October. The two cloud computing giants had been battling for over two years about who would run the Joint Enterprise Defense Infrastructure project, a 10-year undertaking in modernizing the Pentagon and Department of Defense.
Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion cloud computing deal to Microsoft Corp, expressing concern that politics got in the way of a fair contracting process. The company filed notice last Friday that it will formally protest the decision on the Joint Enterprise Defense Infrastructure Cloud, known as JEDI. In a company-wide meeting on Thursday, Amazon Web Services' CEO Andy Jassy said it would be challenging for a U.S. agency to award a contract objectively when the president is disparaging one of the contestants, according to an Amazon spokesman.
Amazon.com Inc on Thursday said it is contesting the Pentagon's award of an up to $10 billion (£7.81 billion) cloud computing deal to Microsoft Corp , expressing concern that politics got in the way of a fair contracting process. The company filed notice last Friday that it will formally protest the decision on the Joint Enterprise Defense Infrastructure Cloud, known as JEDI. In a company-wide meeting on Thursday, Amazon Web Services' CEO Andy Jassy said it would be challenging for a U.S. agency to award a contract objectively when the president is disparaging one of the contestants, according to an Amazon spokesman.
DOW UPDATE Shares of Boeing and UnitedHealth are seeing strong returns Thursday afternoon, though the Dow Jones Industrial Average is trading roughly flat. The Dow (DJIA) most recently, was trading 4 points, or 0.
U.S. Defense Secretary Mark Esper on Friday rejected allegations by Amazon that it lost out on a lucrative Pentagon project for political reasons. (SOUNDBITE) (ENGLISH) U.S. SECRETARY OF DEFENSE, MARK ESPER, SAYING: "As you know I recused myself from involvement on the competition, but I am confident that it was conducted freely and fairly without any type of outside influence." Amazon cried foul after the government awarded a $10 billion dollar cloud computing contract to rival Microsoft. President Donald Trump has long criticized Amazon and its founder Jeff Bezos. Amazon filed notice last week saying it would formally protest the decision and in a company-wide meeting this week - Amazon Web Services' CEO Andy Jassy said awarding a contract objectively would be challenging for an agency when the president is disparaging one of the applicants. The project, known as Jedi, is part of a broad digital modernization initiative by the Pentagon. In a new book, a former navy commander recounts a tale where Trump called then-defense secretary Jim Mattis and directed him to "screw Amazon" by preventing it from bidding on the Jedi contract. "We're not going to do that," Mattis later told Pentagon officials, according to the book. His successor, Mark Esper, recused himself because his son works at IBM, one of the original contract applicants.