Microchip Technology (MCHP) Stock Moves -1.56%: What You Should Know

Microchip Technology (MCHP) closed the most recent trading day at $97.65, moving -1.56% from the previous trading session. This change was narrower than the S&P 500’s 2.37% loss on the day. Elsewhere, the Dow lost 1.92%, while the tech-heavy Nasdaq lost 3.02%.

Prior to today’s trading, shares of the chipmaker had lost 8.99% over the past month. This has lagged the Computer and Technology sector’s loss of 2.69% and the S&P 500’s loss of 2.31% in that time.

Investors will be hoping for strength from MCHP as it approaches its next earnings release. The company is expected to report EPS of $1.42, down 0.7% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.26 billion, down 5.93% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.91 per share and revenue of $5.17 billion.

Read More

Lenovo Expands Linux-Ready Computer Line | Business

As the next step in its Linux expansion program, Lenovo on Wednesday announced the launch of Linux-ready ThinkPad and ThinkStation PCs pre-installed with Canonical’s popular Ubuntu technology.

The company also now brings Linux certification to its ThinkPad and ThinkStation Workstation portfolio, along with easing deployment for developers and data scientists. Lenovo is moving to certify the full workstation portfolio for top Linux distributions from both Ubuntu and Red Hat. This includes every model and configuration.

Previously only accessible to enterprises via a customized bid, Lenovo now offers a comprehensive range of nearly 30 Ubuntu-loaded devices available for purchase via These include 13 ThinkStation and ThinkPad P Series Workstations and an additional 14 ThinkPad T, X, X1, and L series laptops. All come with the 20.04 LTS version of Ubuntu, with the exception of the L series which will have version 18.04.

A More Streamlined Linux Experience

“Lenovo’s vision of

Read More

Yale researchers develop AI technology for adults with autism

Courtesy of Kai Nip

Researchers from several American universities are collaborating to develop artificial intelligence based software to help people on the autism spectrum find and hold meaningful employment. 

The project is a collaboration between experts at Vanderbilt, Yale, Cornell and the Georgia Institute of Technology. It consists of developing multiple pieces of technology, each one aimed at a different aspect of supporting people with Autism Spectrum Disorder (ASD) in the workplace, according to Nilanjan Sarkar, professor of engineering at Vanderbilt University and the leader of the project. 

“We realized together that there are some support systems for children with autism in this society, but as soon as they become 18 years old and more, there is a support cliff and the social services are not as much,” Sarkar said.

The project began a year ago with preliminary funding from the National Science Foundation. The NSF initially invested in around

Read More

SISD adopts new temperature scanning technology – News – Austin American-Statesman

New technology will soon be helping staff at schools in the Sherman Independent School District to check the temperatures of students and employees as they are entering Sherman campuses.

The district announced this week that it has received 30 ClearScan temperature scanners to check the temperatures from a distance.

“Right now we are going to use it to enhance our safety measures. When you have a student that’s going to the nurse’s station, this is going to remove the need for that nurse to pull out a thermometer and take that temperature,” SISD Director of Communications Kimberly Simpson said.

The ClearScan technology was designed in Germany and allows for a user to scan themselves at a dedicated station using a device that resembles a tablet computer. The user is able to walk up and line their face up with the camera, which will use thermal imagery to take their temperature.

Read More

Fort Myers Police Department implements new data-driven technology


The Fort Myers Police Department announced they’ve updated their technology.

Police Chief Derrick Diggs has made it his mission to focus on data-driven police tactics and to make technology a big part of what the police department does.

“In the 21st-century, policing is about being data-driven and evidence-based,” Diggs said.

The new model of data-driven policing was meant to proactively predict where crime may occur by tracking where crimes have occurred frequently before.

Since the plan has been implemented, the City of Fort Myers has seen a 48.7% reduction in violent crime and a 9.8% reduction in property crime.

Previously, the police department had been using a computer-aided design system, a records management system and other systems to monitor crime, search records, respond to calls and predict future crimes. With the new Mark43 system, they will only need one.

The new software is designed to keep officers on

Read More

IBM plans to build a 1121 qubit system. What does this technology mean?

IBM says its full-stack quantum computer can be deployed via cloud, and that it can be programmed from any part of the world.

(Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)

Last week, IBM said it will build Quantum Condor, a 1121 qubit quantum computer, by the end of 2023. The company claims the system can control behaviour of atoms to run applications, and generate world-changing materials to transform industries. IBM says its full-stack quantum computer can be deployed via cloud, and that it can be programmed from any part of the world.

The technology company is developing a “super-fridge,” internally codenamed “Goldeneye,” to house the computer. The 10-foot-tall and 6-foot-wide refrigerator is being designed for a million-qubit system.


Members of the IBM Quantum team at work investigating how to control increasingly large systems of qubits for long enough to run the complex calculations required by future quantum applications.

Members of the IBM Quantum team at work investigating how to control increasingly large systems of qubits for

Read More

Ergonomic Computer Equipment Market- Roadmap for Recovery from COVID-19|Increasing Use Of PCs For Gaming to boost the Market Growth | Technavio


Technavio has been monitoring the ergonomic computer equipment market and it is poised to grow by USD 808.61 mn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Ergonomic Computer Equipment Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download

Read More

Warren Computer Business May Be Open, Struggles Continue

Warren, RI — Crazy Computers is open for business. That wasn’t the case for two months as they had to shut down because of the health risks posed by the coronavirus. While their “Closed” sign has gone away, the struggles have not.

The business, which has been in Warren since 1998, is a small technology shop that serves the community by repairing computers. They also solve other issues posed by a variety of digital devices and networks.

Even with support from the CARES Act, the 2-month shutdown was a tough storm for part-owner Cezary Eliminowicz to weather. With the door closed and all business put on hold, they were not bringing in any revenue.

“Everyday is touch and go,” Eliminocowicz said. “There is less walk-in traffic and no more housecalls. We have work,” he added, “not like it was before, but still enough to keep us afloat.”

As the pandemic

Read More

New technology is a ‘science multiplier’ for astronomy


IMAGE: The first image of a black hole by the the Event Horizon Telescope in 2019 was enabled in part b support for the NSF’s Advanced Technologies and Instrumentation program.
view more 

Credit: NASA

Federal funding of new technology is crucial for astronomy, according to results of a study released Sept. 21 in the Journal of Astronomical Telescopes, Instruments and Systems.

The study tracked the long-term impact of early seed funding obtained from the National Science Foundation. Many of the key advances in astronomy over the past three decades benefited directly or indirectly from this early seed funding.

Over the past 30 years, the NSF Advanced Technologies and Instrumentation program has supported astronomers to develop new ways to study the universe. Such devices may include cameras or other instruments as well as innovations in telescope design. The study traced the origins of some workhorse technologies in use today back

Read More

Is Turtle Beach (HEAR) Outperforming Other Computer and Technology Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Turtle Beach (HEAR) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.

Turtle Beach is a member of the Computer and Technology sector. This group includes 602 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. HEAR is currently sporting a Zacks Rank of #2

Read More